Question: Lindy Company's auditor discovered two errors. No errors were corrected during 2 0 2 3 . The errors are described as follows: Merchandise costing $

Lindy Company's auditor discovered two errors. No errors were corrected during 2023. The errors are described as follows:
Merchandise costing $3,100 was sold to a customer for $8,100 on December 31,2023, but it was recorded as a sale on January
2,2024. The merchandise was properly excluded from the 2023 ending inventory. Assume the periodic inventory system is
used.
A machine with a four-year life was purchased on January 1,2023. The machine cost $11,000 and has no expected salvage
value. No depreciation was taken in 2023 or 2024. Assume the straight-line method for depreciation.
Required:
Prepare appropriate journal entries (assume the 2024 books have not been closed). Ignore income taxes.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Lindy Company's auditor discovered two errors. No errors were corrected during

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