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3 15 Below are several transactions for Crimson Tide Corporation. A junior accountant recently employed by the company, proposes to record the following transactions teral Traction Account 1. Paycan dividend of 6716 tetockholders. Cash 710 Dividende 710 2. Provide services an account for customers, 13,500. Cash Service Revenue 2,500 3. Pay 1410 vtilities will for the current period uit panne 410 CID 4. Receive cash of 1310 from previously billed customers 310 Service Revente 5. Hay for supplies previously purchased on seot. 11.110. Supplies spent 1.10 Cash 1,110 Required: 1. Assess whether the proposed entries are correct or incorrect 2. Provide a correct entry for each of the transactions classified as incorrect Cash Complete this question by entering your answers in the tabs ow. Rewired 1 Required 2 Provide a correct entry for each of the transactions classified as incorrect. In entry is required to correct transactioryevent, select "The Journal Entry Required in the first account field) View traction Journal entry worksheet 5 > Pay a $410 inties ball for the current period. terre at Cr Recor Clay