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Can anyone help me with the accounting questions attached below. I have attached question 2, 15 (part 1.2&3). Thank you * Question 15 At December

Can anyone help me with the accounting questions attached below. I have attached question 2, 15 (part 1.2&3). Thank you

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* Question 15 At December 31, 2017, Marigold Corporation reported the following plant assets. Land $ 5,073,000 Buildings $26,580,000 Less: Accumulated depreciation-buildings 20,165,175 6,414,825 Equipment 67,640,000 Less: Accumulated depreciation-equipment 8,455,000 59,185,000 Total plant assets $70,672,825 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,720,200. May 1 Sold equipment that cost $1,014,600 when purchased on January 1, 2011. The equipment was sold for $287,470. June 1 Sold land for $2,705,600. The land cost $1,691,000. July 1 Purchased equipment for $1,860,100. Dec. 31 Retired equipment that cost $1, 183,700 when purchased on December 31, 2008. No salvage value was received.Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31, 2017, balance sheet. (IF a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Stockholders Equity Retained Earnings Cash Land Buildings Accum. Depr. - Blogs. + Equipment - Accum. Depr. - Equip. = Common Stock + Revenue Expense Dividend Bal. Enter the 2018 transactions in the tabular summary from part (a). Marigold 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. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign ( or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Cash Land Buildings - Accum. Depr. - Blogs. + Equipment - Accum. Depr. - Equip. = + Common Stock + Revenue Expense Dividend Bal. Apr. 1 May May 1 June 1 July 1 Dec. 31 Dec. 31 Record adjustments to accounts for depreciation for 2018. (IF a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Cash Land Buildings - Accum. Depr. - Blogs. + Equipment Accum. Depr. - Equip. Common Stock + Revenue Expense Dividend Bal. Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec. 31 Dec. 31 Dec. 31 vPrepare the plant assets section of Marigold's balance sheet at December 31, 2018. ( List Plant Assets in order of Land, Building and Equipment.) MARIGOLD CORPORATION Partial Balance Sheet Question Attempts: 0 of 1 used nics. All rights resa* Question 2 Crane Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Expenditures L. Excavation costs for new building $13,895 N Architect's fees on building plans 34,720 3. Full payment to building contractor 658,500 Cost of real estate purchased as a plant site (land $291,900 and building 324,600 $32,700) 5. Cost of parking lots and driveways 32,090 Accrued real estate taxes paid at time of purchase of real estate 3,510 7. Installation cost of fences around property 8,100 8. Cost of demolishing building to make land suitable for construction of new 32,200 building 9 Real estate taxes paid for the current year on land 7,500 $1,115,115 Receipts 10. Proceeds from salvage of demolished building $ 11,500 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other Accounts Item Land Building Amounts Account Title 1 $ 2 7

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