No. 1 Kogan 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 $380 was debited to Equipment $38 and credited to Accounts Payable $38. 3. A $500 cash dividend was debited to Salaries and Wages Expense $500 and credited to Cash $500. Instructions Prepare the correcting entries