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Patel Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries

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Patel 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 $1,750 to a creditor was debited to Accounts Payable $870 and credited to Cash $570. 2. The purchase of supplies on account for $260 was debited to Equipment $560 and credited to Accounts Payable $56. 3. A $500 withdrawal of cash for N. Patel's personal use was debited to Salaries and Wages Expense $200 and credited to Cash $200 Prepare the correcting entries. (10 points)

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