$P_{14}\mathrm{.}6B(L{O}_2,3,4)AP$ The ledger of Weather Vane Limited at September $30,2024,$ contains the following summary

data:

Your analysis reveals the following additional information:

The company has a $25\%$ income tax rate.

On July $9,2024,$ Weather Vane discovered an error made in the previous fiscal year. A $$61,500$ payment of a note

payable had been recorded as interest expense.

Instructions

a$.$ Prepare a journal entry to correct the prior period error.