The Following Journal Entries with the Amounts Omitted Were Taken \quad

Question 120

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The following journal entries with the amounts omitted were taken from the records of Lena Company:
1. Cash
\quad \quad Contributed Capital
2. Inventory
\quad \quad Accounts Payable
3. Accounts payable
\quad \quad Cash
4. Buildings
\quad \quad Cash
\quad \quad Mortgage Payable
5. Retained Earnings
\quad \quad Dividends Payable
6. Cash
\quad \quad Notes Payable Requirement:
Write a brief explanation for each of the above transactions.

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