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Following are the transactions for Valdez Services. a . The company paid $ 4 , 5 0 0 cash for payment on a 1 -

Following are the transactions for Valdez Services.
a. The company paid $4,500 cash for payment on a 1-month-old account payable for office supplies.
b. The company paid $1,200 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 $300 cash for this month's utilities.
e. The company paid a $10,500 cash dividend to the owner (sole shareholder).
Prepare general journal entries for the above transactions of Valdez Services.
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.
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Prepare general journal entries for the above transactions of Valdez Services.
\table[[,No,Transaction,General Journal,Debit,Credit],[0,1,a.,Cash,,],[,,,,,]]
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