3 15 point 1 O S22 Below are several transactions for Crimson Tide Corporation A junior accountant, recently employed by

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3 15 Point 1 O S22 Below Are Several Transactions For Crimson Tide Corporation A Junior Accountant Recently Employed By 1 (44.99 KiB) Viewed 31 times

3 15 point 1 O S22 Below are several transactions for Crimson Tide Corporation A junior accountant, recently employed by the company proposes to record the following transactions External Transion NOORE 1. Pay cash dividends of $710 to stockholders. Caah 710 Dividende 310 2. Provide services en count for ut, $2,500. Cash 2,500 Service Ravenue 1,500 3. Pay & $410 utilities bill for the current period. Utilities Expense 410 Cash 410 4. Receive cash of $10 from previously billed customers. Cash 310 Service Ravenue 310 5. Pay for supplies previously purchased on account. $1.110. Supplies Expense Caah 1. 110 Required: 1. Assess whether the proposed entries are correct or incorrect. 2. Provide a correct entry for each of the transactions classified as incorrect Complete this question by entering your answers in the tabs below. Required 1 Required 2 Provide a correct entry for each of the transactions classified as incorrect. (1f no entry is required to correct a transaction/event, select "No Journal Entry Required in the first account field) View transactions Journal entry worksheet 5 Pay cash dividends of $710 to stockholders. Note: tror det before credits Transaction General Journal Debit Grudit 1