At December 31,2025, Concord Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased tand for $2,983,200. Mar 1 Sold equipment that cost $813,600 when purchased on January 1, 2019. The equipment was sold for $230,520. June 1 Sold land for $2,169,600. The land cost $1,356,000, July 1 Purchased equipment for $1,491,600. Dec 31 Retired equipment that cost $949,200 when purchased on December 31,2016 , No salvage value was recelved. Journalize the transactions. (Hint:You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions.) Concord uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40 -year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (List all debit entries before credit entries. Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Question 14 of 14 .125 i Question 7 Accounting Multostep Question 8 Accounting Oropdown (To record sale of equipment) Question 9 Accounting Oropudown Question 10 Accourting Dropdown Question 11 Accounting Droodom Question 12 Accocunting Multintep Question 13 Netounting Dropdoen (To record debreciatinn m.n. Viewing Ouestinn 1. Question 14 of 14 (To record depreciation on equipment retired) (To record disposal of equipment) eTextbook and Media List of Accounts simfiriturar Attempts: 0 of 3 used