Geo Inc. had the following account balances on January 1, Year 2: Accounts Payable $ 704 Accounts Receivable 1,500 Cash 17,000 Common Stock 15,000 Equipment 2,000 Notes Payable 2,800 Retained Earnings 2,696 Salaries and Wages Expense 0 Supplies 700 During January, Year 2, Geo entered into the following transactions: Paid $704 on account for utilities that were used during December, Year 1. Purchased $448 of supplies for cash. Signed a rental agreement for office space and paid $4,500 in advance for six months of rent beginning February 1, Year 2. Purchased $17,000 of new equipment, signing a promissory note. Provided $28,500 of services. $19,500 was received in cash and $9,000 was provided on credit. Paid workers $5,800 for work done in January. view transaction list view general journal U Journal Entry Worksheet 1 2 3 4 5 6 Record the payment of $704 on account for December's utilities Debit Credit Transaction General Journal Retained Earnings 704 704 Enter debits before credits done clear entry record entry