Prepare journal entries to record each of the following transactions for Sanchez Company. Exercise 2-8 Use the letter of the transaction in place of the date. Include an explanation for each entry. Prepare journal entries (L.O. 4) a. Capital stock was issued for cash, $250,000. b. Purchased trucks by signing a note bearing no interest, $185,000. c. Earned service revenue on account, $5,400. d. Collected the account receivable resulting from transaction (c), $5,400. e. Paid the note payable for the trucks purchased, $185,000. f. Paid utilities for the month in the amount of $1,600. g. Paid salaries for the month in the amount of $6,500. h. Incurred supplies expenses on account in the amount of $1,920. i. Purchased another truck for cash, $30,000. j. Performed delivery services on account, $38,000