Q1. Transactions are first journalized and then posted to ledger accounts. In this exercise, however, your understanding of the relationship between the journal and the ledger is tested by asking you to study some ledger accounts and determine the journal entries that probably were made to produce these ledger entries. The following accounts show the first six transactions of Avenson Insurance Company. Prepare a journal entry (including a written explanation) for each transaction. Cash Vehicles Nov. 1 144,000 Nov. 8 40,320 Nov. 30 11,280 Nov. 25 14,400 Nov. 30 1,680 Land Nov. 8 84,000 Notes Payable Nov. 25 14,400 Nov. 8 114,000 Nov. 30 9.600 Building Accounts Payable Nov. 8 70,320 Nov. 21 576 Nov. 15 3,840 Nov. 15 Office Equipment 3,840 Nov. 21 576 Capital Stock Nov. 1 144,000