In June 2002, it was discovered that Worldcom, a large US telecommunication company, committed one of the largest accounting frauds. Worldcom unduly capitalized $3.8 billion access fees during the year 2001 and the first quarter of 2002.In June 2002, it was discovered that Worldcom, a large US telecommunication company, committed one of the largest accounting frauds. Worldcom unduly capitalized $3.8 billion access fees during the year 2001 and the first quarter of 2002.

Question: Without considering tax effects, prepare the journal entry for correcting the cumulative misstatement as of the reporting date of Quarter 1, 2002.

relevant source: http://www.sec.gov/Archives/edgar/data/723527/000093176303001862/dex991.htm