(Explaining journal entries, LO 3, 4, 5) Provide a description of the event represented by each of the following journal entries.

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a. Dr. Equipment Cr. Cash 1,100,000 350,000 Cr. Notes payable 750,000 b. Dr. Interest receivable 25,000 Cr. Interest revenue 25,000 C. Dr. Cash 1,500,000 Dr. Long-term receivable 3,500,000 Cr. Land 5,000,000 d. Dr. Wages expense 8,500 Cr. Wages payable 8,500 e. Dr. Sales commissions 21,000 Cr. Commissions payable 21,000 f. Dr. Bond payable 250,000 Cr. Capital stock 250,000 g. Dr. Cash 35,000 Cr. Revenue 25,000 Cr. Unearned revenue 10,000 h. Dr. Rent expense 2,500 Cr. Prepaid rent 2,500