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3 When DeSoto Water Works purchased equipment at the end of 2020 at a cost of $67,000, the company debited Buildings and credited Cash $67,000.

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3 When DeSoto Water Works purchased equipment at the end of 2020 at a cost of $67,000, the company debited Buildings and credited Cash $67,000. The error was discovered in 2021. Prepare the journal entry DeSoto will use to correct the error. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) 10 points View transaction list eBook Journal entry worksheet

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