Kogan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made

Question:

Kogan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
1. A payment on account of $840 to a creditor was debited to $480 and credited to Cash $480.
2. The purchase of supplies on account for $380 was debited to Equipment $38 and credited to $38.
3. A $500 cash was debited to Salaries and Wages Expense $500 and credited to Cash $500.

Instructions
Prepare the correcting entries.

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