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1. 2. 3. Marigold company discovered the following errors made in January 2017 A payment of Salaries and Wages Expense of C412 was debited to
1. 2. 3. Marigold company discovered the following errors made in January 2017 A payment of Salaries and Wages Expense of C412 was debited to Equipment and credited to Cash, both for C412. A collection of c3,000 from a client on account was debited to Cash 169 and credited to Service Revenue 169. The purchase of equipment on account for C610 was debited to Equipment C160 and credited to Accounts Payable 160. (a) Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account titles are automatical manually.) No. Account Titles and Explanation Debit Credit 1. (To reverse the incorrect entry.) (To record the correct entry.) 2 (To reverse the incorrect entry.) ES No. Account Titles and Explanation Debit Credit 1. (To reverse the incorrect entry.) (To record the correct entry.) 2. (To reverse the incorrect entry.) (To record the correct entry.) 3. (To reverse the incorrect entry.) (To record the correct entry.) (b) Correct the errors without reversing the incorrect entry. (Credit account titles are automat No. Account Titles and Explanation Debit Credit 2. 3
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