Question 24 12 pts Consider each of the transactions below independently. All of the expenditures were made in cash. 1. During 2020, PC Software Inc, developed a new personal computer database management software package. Total expenditures on the project were $800,000, of which 30% occurred after the technological feasibility of the product had been established. 2. Xon Corporation paid $35,000 in 2020 for continuing, frequent, and low-cost repairs to an existing building. 3. In March, the Cleanway Laundromat bought equipment. Cleanway paid $5,000 down and signed a noninterest-bearing note requiring the payment of $30,000 in nine months. The cash price for this equipment was $34,000. Required: Prepare all necessary journal entries to record each of the above transactions. Note: You may create a table as follows to organize your journal entries. Debit Account titles Date Credit 1 Cash 10,000 Sales Revenue 10,000