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. Debit Credit Accounts External Transaction 620 Cash 1. Pay cash dividends of $620 to stockholders. 620 Dividends 1,60a Cash 2. Provide services on account for customers, $1,600. 1,60e Service Revenue Utilities Expense Cash 320 3. Pay a $320 utilities bill for the current period 320 220 4. Receive cash of $220 from previously billed customers. Cash 220 Service Revenue 5. Pay for supplies previously purchased on account, $1,020 Supplies Expense Cash 1,020 1,02e 2. Provide a correct entry for each of the transactions classified as incorrect. (If no entry is required to correct a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 5 3 4 Provide services on account for customers, $1,600. Note: Enter debits before credits Debit Credit Transaction General Journal 1,600 2 Service Revenue 1,600