(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. Cash 1,000,000 Cr. Land 1,000,000 b. Dr. Accounts receivable 20,000 Cr. Revenue 20,000 c. Dr. Cash 7,500,000 Cr. Capital stock 7,500,000 d. Dr. Capital assets-equipment 350,000 Cr. Notes payable 350,000 e. Dr. Rent expense 5,000 Cr. Prepaid rent 5,000 f. Dr. Unearned revenue 10,000 Cr. Revenue 10,000 g. Dr. Accounts payable 15,000 Cr. Cash 15,000 h. Dr. Supplies expense 2,000 Cr. Supplies inventory 2,000