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The following journal entries with the amounts omitted were taken from the records of Lena Company:
1. Cash
Contributed Capital
2. Inventory
Accounts Payable
3. Accounts payable
Cash
4. Buildings
Cash
Mortgage Payable
5. Retained Earnings
Dividends Payable
6. Cash
Notes Payable Requirement:
Write a brief explanation for each of the above transactions.
Civilization
An advanced state of human society marked by developed forms of government, culture, industry, and social norms, often associated with settled urban communities.
Irrigation Systems
Engineered networks designed to transport water to support agriculture in areas where rainwater supply is insufficient or erratic.
Early Civilization
Highly developed societies that emerged in various parts of the world, characterized by urban development, social stratification, formative government structures, and the development of writing and art.
Eurasia
The combined continental landmass of Europe and Asia.
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