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On March 1, 2024, Sandhill Bakeries Inc. discovered that the cost of Land purchased in 2023 was erroneously recorded as rent expense. The cost of

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On March 1, 2024, Sandhill Bakeries Inc. discovered that the cost of Land purchased in 2023 was erroneously recorded as rent expense. The cost of the Land was $4,400. The company's year end is December 31 and the income tax rate is 20%. Prepare the journal entry to correct this error. (Credit account titles are automatically indented when the amount is entered. Do not inden manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries

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