16. Prepare journal entries for each of the following transactions. 1. Performed services for customers on account $8,000. 2. Purchased $20,000 of equipment on account. 3. Received $3,000 from customers in transaction 1. 4. The company paid dividends of $2,000. 17. Post the following balance transactions to T-accounts and determine each account's ending 1. Supplies Accounts Payable Accounts Receivable 2,800 2. 2,80 Service Revenue 4,000 3. Cash 4.000 Accounts Receival 3,000