For each of the following journal entries state what happened; that is, explain what the description would be, what's the story - the transaction - behind the entry. Note: Each sub-exercise (a through d) is independent from the other. a) Debit Credit 80,000 Depreciation Expense Accumulated Depreciation 80,000 b) Credit Debit 2.000 Rent Expense Rent Payable 2,000 (1 mark) Credit Debit Insurance Expense 26,000 Prepaid Insurance 26,000 (1 mark) Credit Debit 50,000 Cash Unearned Fees 50,000 (1 mark)