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Following are the transactions for Valdez Services. The company paid $4,500 cash for payment on a 4-month-old account payable for office supplies. The company paid

Following are the transactions for Valdez Services. The company paid $4,500 cash for payment on a 4-month-old account payable for office supplies. The company paid $2,000 cash for the just-completed two-week salary of the receptionist. The company paid $42,000 cash for equipment purchased. The company paid $200 cash for this months utilities. 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

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