Question 8 Martinez Company discovered the following errors made in January 2017 1. A payment of Salaries and Wages Expense of 819 was debited to Equipment and credited to Cash, both for 819. 2. A collection of 5,070 from a client on account was debited to Cash 259 and credited to Service Revenue 259. 3. The purchase of equipment on account for 720 was debited to Equipment 270 and credited to Accounts Payable 270. (a) Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (To reverse the incorrect entry) (To record the correct entry.) 2. (To reverse the incorrect entry.) No. Account Titles and Explanation Debit Credit Credit (To reverse the incorrect entry.) (To record the correct entry.) 2. (To reverse the incorrect entry.) (To record the correct entry) 3. (To reverse the incorrect entry) (To record the correct entry.) CALCULATOR PRINTER VERSION 4 BACK NEXT (To reverse the Incorrect entry) (To record the correct entry) (b) Correct the errors without reversing the incorrect entry. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3