3 15 E Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the compan

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3 15 E Below Are Several Transactions For Crimson Tide Corporation A Junior Accountant Recently Employed By The Compan 1 (52.71 KiB) Viewed 38 times

3 15 E Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company proposes to record the following transactions External Train Account Debit Credit 1. Pay cash dividends of $710 to stockholders. Cash 710 Dividends 710 2. Provide services on account for customers, $2,500. Cash 2.500 Service Revenue 3,500 3. Pay & 1410 utilities bill for the current period. Utilities tense 410 Cash 410 4. Saceive cash of $310 from previously billed customers. Cash Service Revenue 310 5. Pay for supplies previously purchased on account, 51,110. Supplies Expense 1.110 Cash 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. 310 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. tf no entry is required to correct a transaction/event, select No Soumal Entry Required in the first account field) View transaction lit Journal entry worksheet 2 Rective cash of $310 from previously billed customers heter Truman General Journal Dabe Ced City View generalama