a. The company paid $5,000 cash for payment on a 1-month-old account payable for office supplies. b. The company paid $1,500 cash for the just completed two-week salary of the receptionist c. The company paid $31,000 cash for equipment purchased. d. The company paid $700 cash for this month's utilities. e. The company paid a $19,000 cash dividend to the owner (sole shareholder). 1. Prepare general journal entries for the above transactions of Valdez Services, 2. Listed below are three reasons why a transaction would not result in an expense. Match each of the reasons to the transaction it properly describes The company paid $5,000 cash for payment on a 1-month-old account payable for office supplies. Note: Enter debits before credits. Transaction General Journal Debit Credit a The company paid $1,500 cash for the just-completed two-week salary of the receptionist. Note: Enter debits before credits. General Journal Debit Credit Transaction b. The company paid $31,000 cash for equipment purchased. Note: Enter debits before credits. Transaction General Journal Debit Credit C. The company paid $700 cash for this month's utilities. Note: Enter debits before credits. General Journal Debit Transaction d. Credit