Provide Explanations for the Following Related Journal Entries:
A $\begin{array}{|l|l|r|r}\hline\text { Cash } & 6,000 \\\text { Common Stock }&& 6,000\\\hline\end{array}$

question 38

Essay

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

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

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

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


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

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Definitions:

Mexico

A country in North America, bordered by the United States to the north, and Guatemala and Belize to the south, known for its rich cultural heritage, diverse landscapes, and history.

Slave Trade

The historical trade involving the capture, transport, and sale of human beings as slaves, particularly associated with the transatlantic trade from Africa to the Americas from the 16th to the 19th centuries.

Africans

Refers to the people native to the African continent, encompassing a wide range of cultures, ethnicities, and nations.

Americas

A collective term for the continents of North America and South America, including all its countries and regions.