Following are transactions for Valdez Services, a company owned by B. Valdez.

1. B. Valdez invested $20,000 cash in the company in exchange for common stock.
2. The company provided services to a client and immediately received $900 cash.
3. The company received $10,000 cash from a client in advance for services to be provided next year.
4. The company received $3,500 cash from a client in partial payment of accounts receivable.
5. Prepare general journal entries for the above transactions of Valdez Services.
6. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.