Culver Company discovered the following errors made in January 2022. 1. A payment of Salaries and Wages Expense of $700 was debited to Equipment and credited to Cash, both for $700. A collection of $1,500 from a client on account was debited to Cash $150 and credited to Service Revenue $150. 2. 3. The purchase of equipment on account for $710 was debited to Equipment $170 and credited to Accounts Payable $170. No. Account Titles and Explanation 1. Cash 2. 3. Equipment (To reverse the incorrect entry) Salaries and Wages Expense Cash (To record the correct entry) Service Revenue Cash (To reverse the incorrect entry) Cash Accounts Receivable (To record the correct entry) Accounts Payable Equipment (To reverse the incorrect entry) Equipment Accounts Payable Debit 700 700 150 150 170 710 Credit 700 700 150 150 170 710