E4-13. Keenan Company has an inexperienced accountant. During the rst 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.

A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480.

The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56.

A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500.