Exercise 2-12 Analyzing and journalizing expense transactions LO A1, P Following are the transactions for Valdez Services. a. The company paid $12.200 cash for payment on a 16-month old liability for office supplies. b. The company paid $1,233 cash for the just completed two-week salary of the receptionist c. The company paid $39,200 cash for equipment purchased. d. The company paid $870 cash for this month's utilities. e. The company paid $4,500 cash in dividends. Examine the above transactions and identify those that create expenses for Valdez Services. (You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.) Transaction a. Transaction b. Transaction c. Transaction d. Transaction e. Prepare general journal entries to record those transactions that created expenses in the above given order