A payment on account of $840 was debited to Accounts Payable $480 and credited to Cash $480.

Prepare the necessary correcting entry for each of the following.

a. A payment on account of $840 was debited to Accounts Payable $480 and credited to Cash $480.

b. The collection of Accounts Receivable of $680 was recorded as a debit to Cash $680 and a credit to Service Revenue $680.