Exercise 4-13 Martinez 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. A payment on account of $610 to a creditor was debited to Accounts Payable $320 and credited to Cash $320. 2. The purchase of supplies on account for $600 was debited to Equipment $60 and credited to Accounts Payable $60. 3. A $700 cash dividend was debited to Salaries and Wages Expense $700 and credited to Cash $700. 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