Wildhorse Company discovered the following errors made in January 2022. 1. A payment of Salaries and Wages Expense of $300 was debited to Equipment and credited to Cash, both for $300. 2. A collection of $5,400 from a client on account was debited to Cash $540 and credited to Service Revenue $540. 3. The purchase of equipment on account for $490 was debited to Equipment $940 and credited to Accounts Payable $940.