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Wildhorse Company has an inexperienced accountant. During the first month on the job, the accountant made the following errors in journalizing transactions. All entries were

Wildhorse Company has an inexperienced accountant. During the first month on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.

1. The purchase of supplies for $620 cash was debited to Equipment $220 and credited to Cash $220.
2. A $490 withdrawal of cash for B. Wildhorses personal use was debited to Salaries and Wages Expense $880 and credited to Cash $880.
3. A payment on account of $860 to a creditor was debited to Accounts Payable $280 and credited to Cash $280.

Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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