Question: Current Attempt in Progress Cullumber Company discovered the following errors made in lanuary 2022. 1. A payment of Salaries and Wages Expense of $360 was
Current Attempt in Progress Cullumber Company discovered the following errors made in lanuary 2022. 1. A payment of Salaries and Wages Expense of $360 was debited to Equipment and credited to Cash, both for $360. 2. A collection of $5,200 from a client on account was debited to Cash $520 and credited to Service Revenue $520. 3. The purchase of equipment on xcrount for $740 was debited to Equipment $470 and credited to Accounts Payable $470. Correct the errors by revering the incorrect entry and then preparing the correct entry. (Credil account tities ere outomaticolly indentad When onount is entered. Do not indent manualiy)
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