mework Chapter 4 Question 6 of 8 View Policies (a) < Suggested Sites Imported From E Destiny Finsam w WORD ONC Current Attempt in Progress Riverbed Company discovered the following errors made in January 2022. -/1 E 1. 2. A payment of Salaries and Wages Expense of $700 was debited to Equipment and credited to Cash, both for $700. A collection of $3,000 from a client on account was debited to Cash $300 and credited to Service Revenue $300. 3. The purchase of equipment on account for $520 was debited to Equipment $250 and credited to Accounts Payable $250. Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the 6MP POP