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Marigold Company discovered the following errors made in January 2022. 1 A payment of Salaries and Wages Expense of $900 was debited to Equipment
Marigold Company discovered the following errors made in January 2022. 1 A payment of Salaries and Wages Expense of $900 was debited to Equipment and credited to Cash, both for $900 A collection of $6,500 from a client on account was debited to Cash $650 and credited to Service Revenue $650 2. 3. The purchase of equipment on account for $510 was debited to Equipment $150 and credited to Accounts Payable $150. (a) Correct the errors by reversing the incorrect entry and preparing the correct entry (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 O for the amounts.) No. Account Titles and Explanation Debit Credit 1. (To reverse the incorrect entry) (To record the correct entry) (To reverse the incorrect entry) (To record the correct entry) (To reverse the incorrect entry)
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