Exercise 4-13 Flounder Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. 2. A payment on account of $680 to a creditor was debited to Accounts Payable $290 and credited to Cash $290. The purchase of supplies on account for $800 was debited to Equipment $80 and credited to Accounts Payable $80. A $600 cash dividend was debited to Salaries and Wages Expense $600 and credited to Cash $600. 3. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3