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9. Prepare JOURNAL ENTRIES for the following transactions (12 Points) (1). Letty's Dry Cleaning incorporated and started business on January 1, 2017. Letty's Dry Cleaning

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9. Prepare JOURNAL ENTRIES for the following transactions (12 Points) (1). Letty's Dry Cleaning incorporated and started business on January 1, 2017. Letty's Dry Cleaning began business by depositing $30,000 in a checking account in the name of Letty's Dry Cleaning, Inc. for which common stock is issued. (2). Letty's borrowed $6,000 notes from City Bank. (3). Letty's received the utility bill, $500. Letty's will pay the bill next month. (4). Letty's paid dividends to the stockholders, $2,140

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