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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.

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 $21,000 of QCI stock for cash. b. Incurred $840 of utilities costs this month and will pay them next month. c. Paid wages for the current month, totaling $2,600. d. Performed cleaning services on account worth $3,800. e. Some of Quick Cleaners equipment was repaired at a total cost of $300. 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.) Determine QCIs preliminary net income.

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