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Wildhorse Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions All incorrect

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Wildhorse Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions All incorrect entries were posted. 1. A payment on account of $680 to a creditor was debited $580 to Accounts Payable and credited $580 to Cash. 2. The purchase of supplies on account for $530 was not recorded. 3. ASSOO withdrawal of cash for L. Wildhorse's personal use was debited $500 to Salaries Expense and credited $500 to Cash. 4. Received $700 cash from a customer on account Cash was debited $700 and Service Revenue was credited $700. 5. A customer was billed $450 for services provided. Accounts Receivable was debited $450 and Unearned Revenue was credited $450 Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not Indent m the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit

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