Following are the transactions for Valdez Services. a. The company paid $500 cash for payment on a 3-month-old account payable for office supplies. b. The company paid $2,200 cash for the just-completed two-week salary of the receptionist. c. The company paid $42,000 cash for equipment purchased. d. The company paid $200 cash for this month's utilities. e. The company paid a $10,500 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 r transaction it properly describes. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general journal entries for the above transactions of Valdez Services. View transaction list Journal entry worksheet < 1 1 2 3 4 5 The company paid a $10,500 cash dividend to the owner (sole shareholder). Note: Enter debits before credits. Transaction e. General Journal Debit Credit Record entry Clear entry View general journal