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Quick Cleaners, Incorporated (QCI), has been in business for several years. It specializes in cleaning houses but has some small business clients as well.

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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 $34,000 of QCI stock for cash. b. Incurred $670 of utilities costs this month and will pay them next month. c. Incurred and paid wages for the current month, totaling $1,900. d. Performed cleaning services on account worth $2,950. e. Some of Quick Cleaners's equipment was repaired at a total cost of $162. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2 Determine QCI's preliminary net income. Preliminary Net Income < Required 1 Required 2

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