3-33 Prepare correcting entries. BE4.9 (L03), AP At Raymond Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries 1. A collection on account from a customer for 8870 was recorded as a debit to Cash $870 and a credit to Service Revenue $870. 2. The purchase of store supplies on account for $1.510 was recorded as a debit to Supplies $1,150 and a credit to Accounts Payable $1,150. aterial 3:41