Make the journal entries necessary to record the following eight transactions for Carmen Company.

a. Purchased equipment on account for \($260,000\).

b. Provided services for \($200,000\) cash.

c. Paid \($54,000\) cash for employee wages.

d. Paid \($25,000\) cash for advertising.

e. Provided services for \($50,000\) cash and \($120,000\) on account (a total of \($170,000)\).

f. Collected cash of \($47,000\) from the \($120,000\) receivable on account; the remaining \($73,000\) is expected to be collected later.

g. Paid cash of \($110,000\) on the \($260,000\) payable on account; the remaining \($150,000\) is expected to be paid later.

h. Paid cash dividends of \($17,000\).