3. On January 2nd 2018, Y-Store purchases a building costing $40,000 for $30,000 cash and on a $10,000 one year credit and depreciates it for 40 years using straight line depreciation. Assets = Liabilities A/P +10,000 + Equity Building + $40,000 Building A/P $10,000 + $40,000 Cash 30,000 8. On June 30st, 2018, report adjusting entries for Y-Stores building account related to question 3. Assets = Liabilities + Equity