Preparing Journal Entries Prepare journal entries for the following transactions for Kaboom Inc. a. Paid $5,400 cash for a 6 -month insurance policy. b. Declared dividends of $9,000 cash. C. Paid $13,500 cash in salaries for the month. d. Provided $36,000 in services for customers on account. e. Collected one-half of the amount due from customers in part d. Preparing Journal Entries Prepare journal entries for the following transactions for Kaboom Inc. a. Paid $5,400 cash for a 6 -month insurance policy. b. Declared dividends of $9,000 cash. c. Paid $13,500 cash in salaries for the month. d. Provided $36,000 in services for customers on account. e. Collected one-half of the amount due from customers in part d