a. The company paid $8,000 cash for payment on a 2 -month-old account payable for office supplies. b. The company paid $1,100 cash for the just completed two-week salary of the receptionist. c. The company paid $20,000 cash for equipment purchased. d. The company paid $800 cash for this month's utilities. e. The owner, B. Valdez, withdrew $5,000 cash from the company for personal use. 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 properly describes. Complete this question by entering your answers in the tabs below