journalizing transactions. All entries were posted as made. 1. A payment on account of $740 to a creditor was debited to Accounts Payable $470 and credited to Cash $470. 2. The purchase of supplies on account for $840 was debited to Equipment $84 and credited to Accounts Payable $84. 3. A\$440 cash dividend was debited to Salaries and Wages Expense $440 and credited to Cash $440