Following are the transactions for Valdez Services.

1. The company paid $12,200 cash for payment on a 16-month-old liability for office supplies.
2. The company paid $1,233 cash for the just completed two-week salary of the receptionist.
3. The company paid $39,200 cash for equipment purchased.
4. The company paid $870 cash for this month's utilities.
5. The company paid $4,500 cash in dividends to the owner (sole shareholder).

Required:

1.Examine the above transactions and identify those that create expenses for Valdez Services.(You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)

Transaction a.Transaction b.Transaction c.Transaction d.Transaction e.

2.Prepare general journal entries to record those transactions that created expenses in the above given order.