Hepburn Compary purchased equipment for the $312,000 and pleced it in service on January 1, 20xt, in 20x4, the occounting mannger at Hepbum discovered that cost of the machine hed mistakenly been debited to repairs expense on the date of purchase. The equipment's useful life was expected to be four years with no residual value. Hepturn uses the straight-line depreciation method. Ignoring income taxes, prepare the journal entry Hepburn should use to correct the error in 20x4. (if no entry is required for a transactlon/event, select "No journal entry required" in the first account fleid.) Journal entry worksheet Pecord entry to correct error: Notei finter debits befoin credia