Following are the transactions for Valdez Services. The company paid $8,000 cash for payment on a 2-month-old account payable for office supplies. The company paid $1,100 cash for the just-completed two-week salary of the receptionist. The company paid $20,000 cash for equipment purchased. The company paid $800 cash for this months utilities. The company paid a $5,000 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