Flounder Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors journalizing transactions. All entries were posted as made. 1. A payment on account of $730 to a creditor was debited to Accounts Payable $370 and credited to Cash $370. 2. The purchase of supplies on account for $800 was debited to Equipment $80 and credited to Accounts Payable $80. 3. A $650 cash dividend was debited to Salaries and Wages Expense $650 and credited to Cash $650. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)