Jawbreaker Company paid $640 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of $460 and a credit to Accounts Receivable, $460. The correcting entry is

1)Accounts Payable 640 Cash 640

2)Accounts Receivable 460 Cash 460

3)Accounts Receivable 460 Accounts Payable 460

4)Accounts Receivable 460 Accounts Payable 640

Cash 1,100