LO3-3 M3-12 Preparing Accrual Basis Journal Entries for Business Activities LO3-3 Quick Cleaners Inc. (QCI) has been in business for several years. It specializes in cleaning houses but has some small-business clients, as well. Prepare journal entries for the following transactions, which occurred during a recent month: a. QCI incurred $600 of heating and electrical costs this month and will pay them nex month. b. QCI issued $25,000 of QCI shares for cash. c. QCI paid wages for the current month, totalling $2,000. d. QCI performed cleaning services on account worth $2,800. e. Some of Quick Cleaners's equipment was repaired at a total cost of $150. The company paid the full amount immediately. M3-13 Preparing Accrual Basis Journal Entries for Business Activities