Question: Undy Companys auditor discovered two errors. No errors were corrected during 2023. The errors are described as follows 1. Merchandise costing $4,900 wos sold to

Undy Companys auditor discovered two errors. No errors were corrected during 2023. The errors are described as follows 1. Merchandise costing $4,900 wos sold to a customer for $9,900 on December 31,2023 , but it was recorded as a sale on January 2. 2024. The merchandise was properly excluded fram the 2023 ending inventory. Assume the periodic inventory system is used. 2. A machine with a four-year ilfe was purchased on January 1, 2023. The machine cost $29,000 and has no expected salvage value. No depreciation was taken in 2023 or 2024 . Assume the straight-line method for depreciation. Requlred: Prepare oppropriate joumat entries (assume the 2024 books have not been closed). Ignore income taxes. Note: If no entry is required for a transaction/event, select "Mo journal entry required" In the first account fleld. Journal entry worksheet A machine with a four-year life was purchased on January 1, 2023. The machine cost $29,000 and has no expected salvage value. No depreciation was taken in 2023 or 2024 . Assume the straight-ilne method for depreciation. Wotel finter debits before tredits

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