Quick Cleaners, Incorporated (QCI), has been in business for several years. It specializes in cleaning houses but has some small business clients as well. a. Issued $14,000 of QCI stock for cash. b. Incurred $650 of utilities costs this month and will pay them next month. c. Incurred and paid wages for the current month, totaling $1,800. d. Performed cleaning services on account worth $2,850. e. Some of Quick Cleaners's equipment was repaired at a total cost of $234. The company paid the full amount at the time the repair work was done. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine QCI's preliminary net income. 1 2 3 4. 5 Issued $14,000 of QCI stock for cash. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Incurred $650 of utilities costs this month and will pay them next month, Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Prey 5 of 9 ANNER HAUST Next > Chp a N W