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Prepare the necessary correcting entry for each of the following. (Credit account tities ore outomatically indented when the amount is entered, Do not indent manually.)

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Prepare the necessary correcting entry for each of the following. (Credit account tities ore outomatically indented when the amount is entered, Do not indent manually.) a. A payment on account of $720 was debited to Accounts Payable $270 and credited to Cash $270. b. The collection of Accounts Receivable of $570 was recorded as a debit to Cash $570 and a credit to Service Revenue $570. Attempts: 0 of 1 used

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