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Required information [The following information applies to the questions displayed below] Below are several transactions for a company. A junior accountant, recently employed by
Required information [The following information applies to the questions displayed below] Below are several transactions for a company. A junior accountant, recently employed by the company, proposes to record the following transactions External Transaction. 1. Pay cash dividends of $790 to stockholders. Accounts Debit Credit Cash 790 Dividends 790 2. Provide services on account for customers, $3,300.. Cash 3,300 Service Revenue 3,300 3. Pay a $490 utilities bill for the current period. Utilities Expense 490 Cash 490 4. Receive cash of $300 from previously billed customers. Cash 390 Service Revenue 390 5. Pay for supplies previously purchased on account, $1,190. Supplies Expense Cash 1,190 1,190
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