During the first month of operation, Graham Expeditions recorded the following transactions. Describe what has happened in each of the transactions (a) through ( k ). Cash (a) 5,000 (b) 600 (k) 2,025 (c) 100 (e) 50 (o) 500 (i) 250 (j) 750 Accounts Receivable (h) 1,015 (b) 1,015 (d) 720 Supplies Supplies Equipment (f) 4,000 (g) 1,500 Accounts Payable (d) 720 (g) 1,000 J. D. Rakes, Capital (a) 5,000 (i) 4,000 3.D. Rakes, Drawing Income from Tours Rent Expense (h) 1,015 (b) 600 (c) 10 d) 750 (k) 2,025 Utilities Expense (i) 250 Miscellaneous Expense (e) 50 During the first month of operation, Graham Expeditions recorded the following transactions. Describe what has happened in each of the transactions (a) through ( k ). Cash (a) 5,000 (b) 600 (k) 2,025 (c) 100 (e) 50 (o) 500 (i) 250 (j) 750 Accounts Receivable (h) 1,015 (b) 1,015 (d) 720 Supplies Supplies Equipment (f) 4,000 (g) 1,500 Accounts Payable (d) 720 (g) 1,000 J. D. Rakes, Capital (a) 5,000 (i) 4,000 3.D. Rakes, Drawing Income from Tours Rent Expense (h) 1,015 (b) 600 (c) 10 d) 750 (k) 2,025 Utilities Expense (i) 250 Miscellaneous Expense (e) 50