Martinez 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 $540 to a creditor was debited to Accounts Payable $450 and credited to Cash $450 2. The purchase of supplies on account for $470 was debited to Equipment 47 and credited to Accounts Payable S47 A s880 cash dividend was debited to Salaries and wages Expense $880 and credited to Cash $880 Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 3, 2. 3