Question: Current Attempt in Progress Prepare the necessary correcting entry for each of the following. (Credit account titles are automatically indented when the amount is

Current Attempt in Progress Prepare the necessary correcting entry for each of the following. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) a. A payment on account of $720 was debited to Accounts Payable $270 and credited to Cash $270. b. The collection of Accounts Receivable of $570 was recorded as a debit to Cash $570 and a credit to Service Revenue $570. No. Account Titles and Explanation a. b. Debit Credit

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