balance sheet december 2023

Current Attempt in Progress At December 31, 2022. Sheridan Company reported the following plant assets. $4,320,000 16,390,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets $29.800,000 13.410,000 47.520,000 5,940,000 41.580,000 $62.290,000 During 2023, the following selected cash transactions occurred. Apr. 1 May 1 June 1 July 1 Dec. 31 Purchased land for $2,000,000 Sold equipment that cost $840,000 when purchased on January 1, 2016. The equipment was sold for $252,000. Sold land for $1.430,000. The land cost $993.000 Purchased equipment for $1.093,000. Retired equipment that cost $680,000 when purchased on December 31, 2013. No salvage value was received (a) Question 6 of 6 0.49/1.5 III for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Apr 1 Land 2000000 Cash 200000 May 1 Depreciation Expense 28000 2800 Accumulated Depreciation-Equipment (To record depreciation) May 1 Cash 252000 Accumulated Depreciation Equipment I Equipment 84000 Gain on Disposal of Plant Assets 2800 (To record sale of equipment) June 1 Cash 1430000 Land 99300 Gain on Disposal of Plant Assets 43700 July 1 Equipment 1093000 Cash 109300 Pronghorn Company, Balance Sheet (Partial) Question 6 of 6