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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 $1,500 cash for the just completed two-week salary of the receptionist. c. The company paid $31,000 cash for equipment purchased. d. The company paid $700 cash for this month's utilities. e. The owner, B. Valdez, withdrew $19,000 cash from the company for personal use 1. Prepare general joumal entries for the above transactions of Vaidez Services. 2. Listed below are three reasons why a transaction would not result in an expense. Match each of the reasons to the transaction properly describes: Complete this question by entering your answers in the tabs below. Prepare general journarentries for the above transactions of Valdez Services. Following are the transactions for Valdez Services 0. The company paid $5,000 cash for payment on a 1-month-old account payable for office supplies. b. The company paid $1,500 cash for the just completed two-week salary of the receptionist. c. The company pald $31,000 cash for equipment purchased d. The company paid $700 cash for this month's utulities. e. The owner, B Valdez, withdrew $19,000 cash from the company for personal use. 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

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