Blue Spruce Company has an inexperienced accountant. During the first months on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. The purchase of supplies for $490 cash was debited to Equipment $160 and credited to Cash $160. 2. 3. A $380 dividend was debited to Salaries and Wages Expense $680 and credited to Cash $680. A payment on account of $720 to a creditor was debited to Accounts Payable $270 and credited to Cash $270. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Debit Credit 2. 3