help with both please

Below are several transactions for Dinklage Corporation. A Junior accountant, recently employed by the company, proposes to record the following transactions Debit 8.000 2,680 Credit 8,00 External Transaction 1. Owners invest $8,000 in the company and receive common stock. Accounts Connon Stock Cash 2. Receive cash of $2,600 for services provided in the current period. Cash Service Revenue 3. Purchase office supplies on account, $160. Supplies Cash 4. Pay $460 for next month's rent. Rent Expense Cash 5. Purchase office equipment with cash of $1,500. Equipment 160 2,600 160 468 160 Cash 1,500 1.500 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 1 Required 2 Assess whether the proposed entries are correct or incorrect. External Transaction 1. 2. 3 4. 5 incorrect Correct incorrect Required 2 > Help Save Submit Credit External Transaction Accounts 1. Owners invest $8,000 in the company and receive common stock. Connon Stock Cash 2. Receive cash of $2,600 for services provided in the current period. Cash Service Revenue 3. Purchase office supplies on account, $160. Supplies Cash 4. Pay $460 for next month's rent. Rent Expense Cash 5. Purchase office equipment with cash of $1,500. Cash Equipment Debit 8,000 2.600 160 11.000 2,600 60 460 460 1,500 1,500 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 1 Required 2 Provide a correct entry for each of the transactions classified as incorrect. (tr no entry is required to correct a transaction/event, select "No Journal Entry Required in the first account feli) View transaction list View Journal entry worksheet Credit General Journal NO Transaction 1 Debit 8,000 1 8,000 Cash Common Stock 2 2 No Journal Entry Required 3 3 Accounts Payable Bored Prer 3 of 7 Next >