Current Attempt in Progress Prepare the necessary correcting entry for each of the following. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) a. A payment on account of $720 was debited to Accounts Payable $270 and credited to Cash $270. b. The collection of Accounts Receivable of $570 was recorded as a debit to Cash $570 and a credit to Service Revenue $570. No. Account Titles and Explanation a. b. Debit Credit