An inexperienced accountant made the following error in recording merchandising transactions. Prepare the correcting entry (You should select at least two from the list below). A $500 cash purchase of equipment was debited to equipment $450 and credited to A/R $450 (10 Points) Dr. Equipment 50 Cr. Cash 500 Cr. Equipment 50 Dr. A/R 450 Cr. A/R 50 Cr. Equipment 500