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Correct the errors by reversing the incorrect entry

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Question - Flint Company discovered the following errors made in January 2019.

1. A payment of Salaries and Wages Expense of $720 was debited to Equipment and credited to Cash, both for $720.

2. A collection of $7,700 from a client on account was debited to Cash $770 and credited to Service Revenue $770.

3. The purchase of equipment on account for $610 was debited to Equipment $450 and credited to Accounts Payable $450.

Required - Correct the errors by reversing the incorrect entry and preparing the correct entry.

Reference no: EM132637180

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