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When DeSoto Water Works purchased a machine at the end of 2015 at a cost of $69,000, the company debited Buildings and credited Cash $69,000.

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When DeSoto Water Works purchased a machine at the end of 2015 at a cost of $69,000, the company debited Buildings and credited Cash $69,000. 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 View journal entry worksheet No Event General Journal Debit Credit Equipment Buildings

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