Problem: Req 1 (5 entries) and Req 2

Req 2

Following are the transactions for Valdez Services. a. The company paid $5,000 cash for payment on a 1-month-old account payable for office supplies. b. The company paid $1,100 cash for the just completed two-week salary of the receptionist. c. The company paid $42,000 cash for equipment purchased. d. The company paid $600 cash for this month's utilities. e. The company paid a $19,000 cash dividend to the owner (sole shareholder). 1. Prepare general journal entries for the above transactions of Valdez Services. 2. Listed below are three reasons why a transaction would not result in an expense Match each of the reasons to the transaction it properly describes Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general Journal entries for the above transactions of Valdez Services View transaction list Journal entry worksheet 2 3 4 1 The company paid $5,000 cash for payment on a 1-month-old account payable for office supplies Journal entry worksheet