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Following are the transactions for Valdez Services. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. The company paid

Following are the transactions for Valdez Services. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. The company paid $1,200 cash for the just-completed two-week salary of the receptionist. The company paid $39,000 cash for equipment purchased. The company paid $800 cash for this months utilities. The company paid a $4,500 cash dividend to the owner (sole shareholder). 1. Prepare general journal entries for the above transactions of Valdez Services

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