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Culver Company discovered the followingerrors made in January 2022 1. Apayment of Salaries and Wages Expense of $700 was debited to Equipment and credited to
Culver Company discovered the followingerrors made in January 2022 1. Apayment of Salaries and Wages Expense of $700 was debited to Equipment and credited to Cash, both for $700. 2. Acollection of $1,500 from a dient on account was debited to Cash $150 and credited to Service Revenue $150 3. The purchase of equipment on account for $710 was debited to Equipment $170 and credited to Accounts Payable $170. (a) Your anower is correct. Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account titles ant automatically indented when amount is enter seiect "No Entry" for the occount tities and enter of for the omounts) (To record the correct entry) 2. Servee Revenue (To reverse the incorrect entry) Cash Accounis Recelvable. (To record the correct entry) 3. Acteuniti Payable (To reverse the incorrect entry) - Equiment. (To record the correct entry) Correct the errors without reversing the incorrect entry. (Credit occount tities are automatically indented when amount is entered. Do not ind occount vitles and enter Ofor the onsunte)
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