A8 (Understanding entries) This question tests your ability to understand accounting entries. Each of the following is a typical journal entry, made either to record a transaction, or to adjust the books at the end of the month. Your task is to explain what the function of the entry is, and what event it is recording. For example, is it recording a sale for cash? a. Dr. dividends 10,000 Cr. Cash 10,000 b. Dr. Inventory 47,200 Cr. Accounts payable 47,200