Exercise 4-12 (E4-12)Max Weinberg Company discovered the following errors made i

Exercise 4-12 (E4-12)Max Weinberg Company discovered the following errors made in January 2008.1. A payment of Salaries Expense of $600 was debited to Equipment and credited to Cash both for $600.2. A collection of $1000 from a client on account was debited to Cash $100 and credited to Service Revenue $100.3. The purchase of equipment on account for $980 was debited to Equipment $890 and credited to Accounts Payable $890.Instructions(a) Correct errors by reversing the incorrect entry and preparing the correct entry.(b) Correct the errors without reversing the incorrect entry.