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Culver Company discovered the following errors made in January 2022. 1. A payment of Salaries...

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Accounting

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Culver Company discovered the following errors made in January 2022. 1. A payment of Salaries and Wages Expense of $700 was debited to Equipment and credited to Cash, both for $700. 2. A collection of $1,500 from a client on account was debited to Cash $150 and credited to Service Revenue $150. 3. The purchase of equipment on account for $710 was debited to Equipment $170 and credited to Accounts Payable $170. 3. Accounts Payable 170 Equipment (To reverse the incorrect entry) Equipment 710 Accounts Payable (To record the correct entry) Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit account titles are qutomatically indented w Correct the errors without reversing the incorrect entry. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.)

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