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.

$\backslash$table$[[$Event$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,]]$