Ivanhoe Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted 1. A payment on account of $750 to a creditor was debited $640 to Accounts Payable and credited $640 to Cash 2. The purchase of supplies on account for $580 was not recorded. 3. A $300 withdrawal of cash for L. Ivanhoe's personal use was debited $300 to Salaries Expense and credited $300 to Cash. 4. Received $700 cash from a customer on account. Cash was debited $700 and Service Revenue was credited $700. 5. A customer was billed $410 for services provided. Accounts Receivable was debited $410 and Unearned Revenue was credited $410 Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit 1. Accounts Payable 110 Cash > 110 2 > > 3. C 5