Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Pay cash dividends of $780 to stockholders. Credit Debit 780 Accounts Cash Dividends 1. 780 2. Provide services on account for customers, $3,200. 3,200 3,200 Cash Service Revenue Utilities Expense Cash 3. Pay a $480 utilities bill for the current period. 480 480 4. Receive cash of $380 from previously billed customers. 380 Cash Service Revenue 380 5. Pay for supplies previously purchased on account, $1,180. Supplies Expense Cash 1,180 1,180 Journal entry worksheet 1 2 2 3 4 5 > Pay cash dividends of $780 to stockholders. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 General Journal Dropdown No Journal Entry Required Accounts Payable Accounts Receivable Advertising Expense Buildings Cach Record entry Clear entry View general journal