Ordinary repairs of $$12,000$ in January of Year $1$ were inadvertently debited to an equipment account with a useful life of $6$ years and no salvage. Record the entry to correct the error assuming that the error was discovered in Year $3.$ Ignore income taxes.

$$Note: Round your answers to the nearest dollar.

Date Account Name Dr$.$ Cr$.$

Jan. $1$ Year $3$

Depreciation Expense

$0$

$12,000$

Answer

Accumulated Depreciation

$0$

$0$

Answer

Cash

$12,000$

$0$

Answer

To correct the error.

note: the question requires total $3$ journal entries: in one section