Exercise 4-12 a-b Marigold Company discovered the following errors made in January 2019. 1. 2. A payment of Salaries and Wages Expense of $490 was debited to Equipment and credited to Cash, both for $490. A collection of $5,800 from a client on account was debited to Cash $580 and credited to Service Revenue $580. The purchase of equipment on account for $800 was debited to Equipment $270 and credited to Accounts Payable $270. 3. Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account titles are automatically i No. Account Titles and Explanation Debit Credit 1. (To reverse the incorrect entry) (To record the correct entry) 2. (To reverse the incorrect entry) (To record the correct entry) 3. (To reverse the incorrect entry) (To record the correct entry) Correct the errors without reversing the incorrect entry. (Credit account titles are autom. No. Account Titles and Explanation Debit Credit 1. 2. 3