5. Following are the transactions of a new company called Smiley Pictures. Aug. 1 The company purchased office equipment for $10,000 paid $7,500 cash and agreed to pay the balance within 30 days. The company billed one of its customers $3,000 for photography services provided to the 2 customer 25The company paid $700 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet