Grouper 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 $ 530 to a creditor was debited to Accounts Payable $ 350 and credited to Cash $ 350.
2. The purchase of supplies on account for $ 100 was debited to Equipment $ 10 and credited to Accounts Payable $ 10.
3. A $ 370 cash dividend was debited to Salaries and Wages Expense $ 370 and credited to Cash $ 370.
4. Received $700 cash from a customer on account.
5. Cash was debited $700 and Service Revenue was credited $700.
Prepare the correcting entries.