Use the information from the T-accounts below to create the related journal entries. Provide an explanation for each journalentry.

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Accumulated depreciation Cash 3 11,000 31,000 0 15,000 2 50,000 20,000 7 Bank loan Accrued liabilities Unearned Retained revenue earnings 7 18,000 8,000 6 4 6,000 11,000 6 50,000 Salaries Utilities expense Depreciation expense Revenue expense 6,000 4 31,000 0 6 8,000 2 15,000 Interest expense 7 2,000