Below are several transactions for Harington Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts Common Stock Debit Credit 6,000 Cash 6,000 2,200 Service Revenue Supplies Cash Rent Expense Cash Cash 2,200 120 120 420 420 1,300 Equipment 1,300 1. Owners invest $6,000 in the company and receive common stock. 2. Receive cash of $2,200 for services provided in the current period. Cash 3. Purchase office supplies on account, $120. 4. Pay $420 for next month's rent. 5. Purchase office equipment with cash of $1,300. 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 Assess whether the proposed entries are correct or incorrect. External Transaction 1. 2. 3. 4. 5. < Required 1 Required 2 >