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Current Attempt in Progress Sheridan Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in

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Current Attempt in Progress Sheridan Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted. 1. A payment on account of $700 to a creditor was debited $610 to Accounts Payable and credited $610 to Cash. 2. The purchase of supplies on account for $570 was not recorded. 3. A $470 withdrawal of cash for L. Sheridan's personal use was debited $470 to Salaries Expense and credited $470 to Cash. 4. Received $700 cash from a customer on account.Cash was debited $700 and Service Revenue was credited $700. A customer was billed $430 for services provided. Accounts Receivable was debited $430 and Unearned Revenue was 5. credited $430

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