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pls help 3 Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions
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3 Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions Credit Extra Traian 1. Payon dividends of $10 to stockholders. Debit 710 710 2,500 15 points 2. Provide wervices on account for customers, $2,500. 3. Tay - $410 utilities bill for the current period. 2,500 Accounts Cash Dividenda Coah Service Revenue Utilities Expense Cash Canh Service Revenue Supplies Expense Cash 410 410 310 4. Receive canh ot 5310 from previously billed customers. 5. Yay for supplies previously purchased on account, $1,110. 310 1,110 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. Complete this question by entering your answers in the tabs below. Required Required 2 Provide a correct entry for each of the transactions classified as incorrect. (If no entry is required to correct transaction/event, select "No Journal Entry Required in the first account field Viwwatan at Journal entry worksheet 5 Provide services on account for customers, $2,500. er deres Det 2 CE Step by Step Solution
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