Keenan 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. A payment on account of $840 to a creditor w debited to Accounts payable $480 and credited to Cash $480 as 2. The purchase of supplies on account for $560 was debited to Equipment $56 and credited to Accounts Payable $56. A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)