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Provide Explanations for the Following Related Journal Entries:
A \begin{array}{|l|r|r|}
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Question 109

Essay

Provide explanations for the following related journal entries:
a.
 Cash 6,000 Common Stock 6,000\begin{array}{|l|r|r|}\hline \text { Cash } & 6,000 & \\\quad \text { Common Stock } & & 6,000 \\\hline\end{array}

b.
 Law Library 3,400 Accounts Payable 3,400\begin{array}{|c|r|r|}\hline \text { Law Library } & 3,400 & \\\text { Accounts Payable } & & 3,400 \\\hline\end{array}

c.
 Cash 600 Accounts Receivable 1,000 Legal Fees Earned 1,600\begin{array}{|l|r|r|}\hline \text { Cash } & 600 & \\\text { Accounts Receivable } & 1,000 & \\\quad \text { Legal Fees Earned } & & 1,600 \\\hline\end{array}

d.
 Cash 500 Accounts Receivable 500\begin{array}{|l|l|l|}\hline \text { Cash } & 500 & \\\text { Accounts Receivable }& & 500\\\hline \end{array}

e.
 Accounts Payable 3,400 Cash 3,400\begin{array}{|l|r|r|}\hline\text { Accounts Payable } & 3,400 \\\text { Cash }& & 3,400 \\\hline\end{array}

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a.Stockholders invested cash into the bu...

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