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Sheridan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries

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Sheridan 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 A payment on account of 5930 to a creditor was debited to Accounts Payable $390 and credited to Cash $390. The purse of lies on account for $700 was debited to Eament $70 and credited to Accounts Payable 570 A$300 with walofcash for Nina Sheridan's personal use was debited to Salaries and Wages Expense $300 and credited to sh 5300

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