This journal entry will decrease Assets and decrease Stockholders' Equity increase Stockholders' Equity and decrease Assets increase Assets and increase Stockholders' Equity increase Assets and decrease Stockholders' Equity Determine the type of entry for the journal entry below. Closing entry Regular business transaction Adjusting entry Which entry would the accountant make to record the transaction below? A company paid dividends of $1,000. debit Cash; credit Dividends debit Cash; credit Common Stock debit Dividends; credit Cash debit Common Stock; credit Cash A company paid dividends of $5,000. Which of the following entries would the accountant use to record this transaction? debit Common Stock; credit Cash debit Cash; credit Dividends debit Dividends; credit Cash debit Cash; credit Common Stock Choose the best description for this journal entry. Performed services on account. Customer paid on account. Performed services for cash. Paid a creditor