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When DeSoto Water Works purchased equipment at the end of 2 0 2 3 at a cost of $ 5 8 , 0 0 0

When DeSoto Water Works purchased equipment at the end of 2023 at a cost of $58,000, the company debited Buildings and credited Cash $58,000. The error was discovered in 2024.
Prepare the journal entry DeSoto will use to correct the error.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Journal entry worksheet
Record entry to correct error.
Note: Enter debits before credits.
\table[[Event,General Journal,Debit,Credit],[1,,,],[,,,],[,,,]]
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