Below are several transactions for Dinklage Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction 1. Owners invest $6,500 in the company and receive common stock. 2. Receive cash of $2,300 for services provided in the current period. Cash 3. Purchase office supplies on account, $130. 4. Pay $430 for next month's rent. 5. Purchase office equipment with cash of $1,350. Accounts Common Stock Debit Credit 6,500 Cash 6,500 2,300 Service Revenue Supplies Cash 2,300 130 130 Rent Expense Cash 430 430 Cash 1,350 Equipment 1,350 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. (If no entry is required to correct a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet