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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.

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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 $22,000 of QCl stock for cash. b. Incurred $815 of utilities costs this month and will pay them next month. c. Incurred and paid wages for the current month, totaling $3,150. d. Performed cleaning services on account worth $4,350. e. Some of Quick Cleaners's equipment was repaired at a total cost of $248. 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 QCl's preliminary net income

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