In 2018, the internal auditors of Development Technologies, Inc., discovered that a $4.8 million purchase of merchandise in 2018 was recorded in 2017 instead. The physical inventory count at the end of 2017 was correct. Assume the company uses a periodic inventory system. Required: Prepare the journal entry needed in 2018 to correct the error. (Ignore income taxes.) (Enter your answers in millions rounded to 1 decimal place (i.e., 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 field.) View transaction list Journal entry worksheet 1 Record the entry to correct the error. Note: Enter debits before credits. Event General Journal Debit Credit 1 Dandant View.canalicul