M3-13 Preparing Accrual Basis Journal Entries for Business Activities [LO 3-3] Quick Cleaners, Inc. (QCI) has been in business for several years. It specializes in cleaning houses but has some small business clients as well. a. Issued $27,000 of QCI stock for cash. b. Incurred $890 of utilities costs this month and will pay them next month. c. Paid wages for the current month, totaling $1,850 d. Performed cleaning services on account worth $3,200. e. Some of Quick Cleaners' equipment was repaired at a total cost of $254. The company paid the full amount at the time the repair work was done. 1. Prepare journal entries for the above transactions, which occurred during a recent month. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Issued $27,000 of QCI stock for cash. Record the transaction. Note: Enter debits before credits ansaction General Journal Debit Credit a. Record entry Clear entry View general journal 2. Determine QCI's preliminary net income