An inexperienced accountant for Lamont Company made the following errors in recording merchandising transactions, 1. 2. A $220 refund to a customer for faulty merchandise was debited to Sales Revenue $220 and credited to Cash $220. A $140 sales return was debited to Sales Revenue. A cash payment of $30 for freight on merchandise sales was debited to inventory $300 and credited to Cash $300. 3. Prepare separate correcting entries for each error, assuming that the incorrect entry is not reversed. (Credit account tities are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit Prepare separate correcting entries for each error, assuming that the incorrect entry is not reversed. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually) No. Account Titles and Explanation Debit Credit 1. 2. 3