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Pharoah 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. 3. A payment on account of $540 to a creditor was debited to Accounts Payable $450 and credited to Cash $450. The purchase of supplies on account for $900 was debited to Equipment $90 and credited to Accounts Payable $90. A $800 withdrawal of cash for N. Pharoah's personal use was debited to Salaries and Wages Expense $800 and credited to Cash $800. 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 O for the amounts.) No. Account Titles and Explanation 1. 2. Debit Credit

Pharoah 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. A payment on account of $40 to a creditor was debited to Accounts Payable $450 and credited to Cash $450. 2. The purchase of supplies on account for $900 was debited to Equipment $90 and credited to Accounts Payable $90. 3. A $800 withdrawal of cash for N. Pharoah's personal use was debited to Salaries and Wages Expense $800 and credited to Cash 5800 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 O for the amounts.)

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