Marigold 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. 1. A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480. 2. The purchase of supplies on account for $910 was debited to Equipment $91 and credited to Accounts Payable $91. 3. A $780 cash dividend was debited to Salaries and Wages Expense $780 and credited to Cash $780. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3. 3. Debit Credit Marigold 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. 1. A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480. 2. The purchase of supplies on account for $910 was debited to Equipment $91 and credited to Accounts Payable $91. 3. A $780 cash dividend was debited to Salaries and Wages Expense $780 and credited to Cash $780. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3. 3. Debit Credit