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Based on the entries underneath below, write an explanation of the event that resulted in the transaction. (35 marks) a. b. C. d. e. f.

Based on the entries underneath below, write an explanation of the event that resulted in the transaction. (35 marks) a. b. C. d. e. f. Cash 15,000 Common Shares Automobile Note Payable Cash 5,000 Accounts Receivable Service Revenue Dividends 500 Cash 500 Accounts Payable Cash 1,500 Salary Expense Cash 1,875 15,000 20.000 15,000 1,000 1,000 1,500 1.875

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