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6 Part 2 of 2 125 points Required information The following information applies to the questions displayed below) Below are several transactions for a
6 Part 2 of 2 125 points Required information The following information applies to the questions displayed below) Below are several transactions for a company. A junior accountant, recently employed by the company, proposes to record the following transactions. 1. Pay cash dividends of $740 to stockholders. Accents Cash 740 Credit 0412:28 Dividends 740 2. Provide services in account for customers, $2,000 Cash 2,000 Service Revenue 2,000 3. Pay $410 utilities bill for the current period. Utilities Expense Cash 440 4 Receive cash of $340 from previously billed customers. Cash 340 Service Revenue 340 5. Pay for supplies previously purchased on account, $1,140. Supplies Expense Cash 1,148 1,140 2. Provide a correct entry for each of the transactions classified as incorrect. (If no entry is required to correct a transaction/event, select "No Journal Entry Required" in the first account field.)
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