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In 2 0 2 4 , internal auditors discovered that PKE Displays, Incorporated, had debited an expense account for the $ 4 0 2 ,
In internal auditors discovered that PKE Displays, Incorporated, had debited an expense account for the $ cost of a machine purchased on January The machines useful life was expected to be six years with no residual value. Straightline depreciation is used by PKE.
Ignoring income taxes, prepare the journal entry PKE will use to correct the error before adjusting and closing entries
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
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