ldentifying accounting events from journal entries The following information is from the records of attorney Glenn Price. Write a brief explanation of the accounting event represented in each of the general journal entries. Explanetion Received eoh for 4he issu coamon stock Debit 40.000 24,000 .600 48,000 2.000 Date Account Titles Jun 1 40.000 24,000 1.600 48.000 2.000 8.000 8,800 4,000 2.000 3.000 Common Stock Service Revenue Cash Service Revenue Feb. 1 Mar. 1 Prepaid Rent Accounts Receivable May 1 8.000 8 800 4.000 2000 3,000 June 10 Cah Unearned Revenue Accounts Recevable Cath uly 10 Salaries Expense Oct. 1 Nov 1 Dec. 31 Cach Property Tax Epence Rent Expense Unearned Revenue Supplies Expense Cash 4.400 Prepaid Rent Service Revenve Supplies 2.240 2 240 31 800 800