When DeSoto Water Works purchased a machine at the end of 2015 at a cost of $68,000, the company debited Buildings and credited Cash $68,000. The error was discovered in 2016. Prepare the journal entry DeSoto will use to correct the error. (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 entry to correct error. Note: Enter debits before credits. Event 1 General Journal Debit Credit