can anyone help me to solve p9.5

2022 Instruc 2023 a. Prep 2024 b. Prep c. Prep P9.5 (LO 2, 3, 5) At December 31, 2019, Jimenez Enterprises reported the following as plant assets. 3,000,000 14.400,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets 26,500,000 12,100,000 40,000,000 5,000,000 P9.8 (LO intangibl. 1. Bue men 60 tion 2. On J Buel good 35,000,000 52,400,000 During 2020, the following selected cash transactions Aprill Purchased land for 2.200.000 May 1 Sold equipment that cost 750,000 when purchased on January 1, 2016. The equipment was sold for 466,000. June | Sold land purchased on June 1, 2010 for 1,800,000. The land cost 300,000. July 1 Purchased equipment for 2,450,000. Dec. 31 Retired equipment that cost 500,000 when purchased on December 31, 2010. No residual value was received. Instructi Prepare all yet beend P9.9 (LO involved i straight-lin Instructions a. Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no residual value. The equipment is estimated to have a 10-year useful life and no residual value. Update depreciation on assets dis- posed of at the time of sale or retirement. b. Record adjusting entries for depreciation for 2020. c. Prepare the plant assets section of Jimenez's statement of financial position at December 31, 2020 Instruction .. For eac b. Based in using 1.6 (L03) Yount Towing has equipment that cost 50,000 and that has been depreciated 22.000 Instructions Record the disposal under the following assumptions, It was scrapped as having no value. Sempre