Following are the transactions for Valdez Services a. The company paid $4.500 cash for payment on a 2-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 $50.000 cash for equipment purchased. d. The company paid $300 cash for this month's utilities e. The owner, B. Valdez, withdrew $4,500 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 it properly describes Journal entry worksheet