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Crane Company discovered the following errors made in January 2022. 1. A payment of Salaries and Wages Expense of $670 was debited to Equipment and
Crane Company discovered the following errors made in January 2022. 1. A payment of Salaries and Wages Expense of $670 was debited to Equipment and credited to Cash, both for $670. 2. A collection of $5,700 from a client on account was debited to Cash $570 and credited to Service Revenue $570. 3. The purchase of equipment on account for $360 was debited to Equipment $630 and credited to Accounts Payable $630. Correct the errors by reversing the incorrect entry and preparing the correct entry. (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 0 for t (To record the correct entry)
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