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Preparing Journal Entries Prepare journal entries for the following transactions for Kaboom Inc. a. Paid $2,880 cash for a 6-month insurance policy. b. Declared dividends

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Preparing Journal Entries Prepare journal entries for the following transactions for Kaboom Inc. a. Paid $2,880 cash for a 6-month insurance policy. b. Declared dividends of $4,800 cash. c. Paid $7,200 cash in salaries for the month. d. Provided $19,200 in services for customers on account. e. Collected one-half of the amount due from customers in part d. General Journal Ref. Account Name Dr. Cr. a. 0 0 0 0 b. 0 0 0 0 C. 0 0 0 0 d. A 0 0 0 0 e. 0 0 O 0

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