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Question 3 Blossom Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions.

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Question 3 Blossom 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. 2. 3. A payment on account of R$830 to a creditor was debited to Accounts Payable R$380 and credited to Cash R$380. The purchase of supplies on account for R$160 was debited to Equipment R$16 and credited to Accounts Payable R$16. A R$396 cash dividend was debited to Salaries and Wages Expense R$396 and credited to Cash R$396. 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. 2. 3

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