Sheridan Company discovered the following errors made in January 2022. 4 A payment of Salaries and Wages Expense of $580 was debited to Equipment and credited to Ca A collection of $3,700 from a client on account was debited to Cash $370 and credited to Service The purchase of equipment on account for $450 was debited to Equipment $540 and credited to 1. 2. 3. (a) * Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account title when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account title= amounts.) No. Account Titles and Explanation 4 % 5 6 Search & 7 8 Debit

Sheridan Company discovered the following errors made in January 2022. 1. A payment of Salaries and Wages Expense of $580 was debited to Equipment and credited to C 2. A collection of $3,700 from a client on account was debited to Cash $370 and credited to Servic 3. The purchase of equipment on account for $450 was debited to Equipment $540 and credited tc (a) Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit occount title when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account title amounts.) Question 3 of 5 No. Account Thtes and Explanation Debit Credit 1. (To reverse the incorrect entry) (To record the correct entry) 2. (To reverse the incorrect entry)