Andrew Clark Company discovered the following errors made in January 2015.

1.		A payment of Salaries and Wages Expense of $508was debited to Equipment and credited to Cash, both for $508.
2.		A collection of $2,580from a client on account was debited to Cash $258and credited to Service Revenue $258.
3.		The purchase of equipment on account for $620was debited to Equipment $260and credited to Accounts Payable $260.

IE

Correct the errors by reversing the incorrect entry and preparing the correct entry.