Question: 8. Lindy Company's auditor discovered two errors. No errors were corrected during 2015. The errors are described as follows: (1.) Merchandise costing $3,600 was sold

during 2015. The errors are described as follows: (1.) Merchandise costing $3,600

was sold to a customer for $8,600 on December 31, 2015, but

it was recorded as a sale on January 2,2016. The merchandise was

properly excluded from the 2015 ending inventory. Assume the periodic inventory system

is used. (2.) A machine with a five-year life was purchased on

January 1, 2015. The machine cost $16,000 and has no expected salvage

value. No depreciation was taken in 2015 or 2016. Assume the straight-line

method for depreciation. Required: Prepare appropriate journal entries (assume the 2016 books

have not been closed). Ignore income taxes. If no entry is required

for a transactionlevent, select "No journal entry required" in the first account

field.) View transaction list Journal entry worksheet Merchandise costing $3,600 was sold

to a customer for $8,600 on December 31, 2015, but it was

8. Lindy Company's auditor discovered two errors. No errors were corrected during 2015. The errors are described as follows: (1.) Merchandise costing $3,600 was sold to a customer for $8,600 on December 31, 2015, but it was recorded as a sale on January 2,2016. The merchandise was properly excluded from the 2015 ending inventory. Assume the periodic inventory system is used. (2.) A machine with a five-year life was purchased on January 1, 2015. The machine cost $16,000 and has no expected salvage value. No depreciation was taken in 2015 or 2016. Assume the straight-line method for depreciation. Required: Prepare appropriate journal entries (assume the 2016 books have not been closed). Ignore income taxes. If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Merchandise costing $3,600 was sold to a customer for $8,600 on December 31, 2015, but it was recorded as a sale on January 2, 2016. The merchandise was properly excluded from the 2015 ending inventory. Assume the periodic inventory system is used. Note:Enter debits before credits. ransaction General Journal Debit Credit Record entry Clear entry View general journal

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