Sandhill Company has inexperienced accountant. During the first month on the job, the accounttant nade the following wrrors in journalising transactions. All entries were posted as made.

Sandhill Company has an inexperienced accountant. During the first month on the job, the accountant made the following error journalizing transactions. All entries were posted as made. 1. The purchase of supplies for $780 cash was debited to Equipment $210 and credited to Cash $210. 2. A $520 dividend was debited to Salaries and Wages Expense $860 and credited to Cash $860. 3. A payment on account of $880 to a creditor was debited to Accounts Payable $260 and credited to Cash $260. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)