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    Explanation of the business event

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    For each journal entry, prepare an explanation of the business event that is being
    represented:

    a. Loan payable $35,000
    Cash $7,000
    Car $28,000

    b. Accounts payable $13,450
    Cash $13,450

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    https://brainmass.com/business/journal-entries/explanation-business-event-256926

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    For each journal entry, prepare an explanation of the business event that is being
    represented:

    a. Loan payable $35,000 ...

    Solution Summary

    A explanation of a business event is determined.

    $2.19