23 Exercise 9-27 (Algo) Inventory error (L09-7] 04 DO in 2021, the internal auditors of Development Technologies, Inc., discovered that a 557 ton purchase of merchandise in 2021 was recorded in 2020 instead. The physical inventory count at the end of 2020 was correct Assume the company uses a period Inventory system Required: Prepare the journal entry needed in 2021 to correct the error ignore income taxes (Enter your answers in millions rounded to 1 decimal place . 5.500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required in the first account neid.) ok View and Journal entry worksheet 1 Record the entry to correct the are Enter de bord General Journal