Correct the errors without reversing the incorrect entry. (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 O for the amounts.) Correct the errors by reversing the incorrectentry and preparing the correct entry. (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 0 for the amounts.) 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 Cash, both for $580. 2. A collection of $3,700 from a client on account was debited to Cash $370 and credited to Service Revenue $370. 3. The purchase of equipment on account for $450 was debited to Equipment $540 and credited to Accounts Payabie $540. Cakn 3700 Accosunts Receevable (To record the correct entry) 3. Accounts Pisabite Equilument 540 (To reverse the incorrect entry) Equipinent Accounts Bawable 450 (To record the correct entry)
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