Check my work Required information [The following information applies to the questions displayed below.] Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. Credit Accounts Cash Dividends Debit 600 External Transaction Pay cash dividends of $600 to stockholders. 1. 600 1,400 2. Provide services on account for customers, $1,400. Cash Service Revenue 1,400 300 Pay a $300 utilities bill for the current period. Utilities Expense Cash 300 ences 200 Receive cash of $200 from previously billed customers. Cash Service Revenue 200 1,000 5. Pay for supplies previously purchased on account, $1,000 Supplies Expense Canh 1,000 quired: ssess whether the proposed entries are correct or incorrect. Dr Next