The following journal entries are from the books of Kara Rachel Company:

a. CaS Rese crck tec ach aes ie E OE eae eean retook ge rene ee 10,000 Capital StOCKearae crosaamtec tice cree eee ae eg rR Cee Mirae eitesene ne 8 a a 10,000 CaS He Sere: Meo rik stein aa nein ie se ane DE PRM Yc | BE 25,000 EQangravableg ras sachin tea cine tan tere ce mee einer een «wae TYE Rates 25,000 BULGING ST ners ern han ee it eee prea ve ht ne on. | Ace 50,000 Cas lie vagswabipre os iota te tiene rice aerate ve ie orn Oana) ee Ge 5,000 Montgag esPayable:smren- nc ccsy rate ira AR tone en eee Se ee 45,000 INVENTORY Seren Tats Piri cn oe ete eet rh af et nb A te Cote 25,000 Accounts: Payable ttt ss hint eae sa eee eee Rate Ty ene 25,000 AccountssReceivablel Seite) aula bpeeseee ao eee cae EY he a 42,000 SalES a eee mete Mets oe ea ene ROR e RSE aE IME og oe ge 42,000 GostioffGoodsiSoldBtk nes «cco ke eet ete a eee 21,000 INVENIO RY SR epee oi TS SPOS 54799 ae hye a ee 21,000 SalanvsEXpense pres: crs exttoeul ach pak tne ce. ee 6,000 CaS Sa eer nih ios noe Ret er. a ae c,h 6,000 CashiS. 2G Seitteres eae ane Pace green One, CURE 37,000 ACCOUNTSIRECEIV.AD| Cea nee ae eee ett. Mtn 37,000 Accounts Payables aia) (sate i004. inde ett Ce a 20,000 Cas litite een eee ep te ined etn, £ SIS, FIRE SB Des ot, 20,000 For each of the journal entries, prepare an explanation of the business event that is being rep- resented.