Reference no: EM133010389

Pharoah Company discovered the following errors made in January 2022.

1. A payment of Salaries and Wages Expense of $ 840 was debited to Equipment and credited to Cash, both for $ 840.
2. A collection of $ 2,700 from a client on account was debited to Cash $ 270 and credited to Service Revenue $ 270.
3. The purchase of equipment on account for $ 380 was debited to Equipment $ 830 and credited to Accounts Payable $ 830.

Question 1: Make a Correct the errors by reversing the incorrect entry and preparing the correct entry.

Question 2: Make a Correct the errors without reversing the incorrect entry.