27 tory error -7 In 2021, the internal auditors of Development Technologies, Inc., discovered that a $4 million purchase of mer- chandise in 2021 was recorded in 2020 instead. The physical inventory count at the end of 2020 was correct. Required: Prepare the journal entry needed in 2021 to correct the error. Also, briefly describe any other measures Develop- ment Technologies would take in connection with correcting the error. (Ignore income taxes.)