Chapter 9 question 2 Answer all the requirements please thank you

(i) (Click the icon to view the transactions.) Record the transactions in the journal of Guilda Bell Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1: Purchased office equipment, $110,000. Paid $80,000 cash and financed the remainder with a note payable. (Record a single compound journal entry.) Before we record the sale of the building, we must record depreciation on the building through September 1, 2024. More info Jan. 1 Purchased office equipment, $110,000. Paid $80,000 cash and financed the remainder with a note payable Acquired land and communication equipment in a lump-sum purchase. Total cost was $400,000 paid in cash. An independent appraisal varu the Now record the sale of the building on September 1 . $400,000 paid in cash. An independent ap Sold a building that cost $570,000 (accumulated depreciation of $265,000 through December 31 of the preceding year). Guilda Bell Associates received $430,000 cash December 31 of the preceding year). Guilda Bell Associates received $430,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40 -year useful life and a residual value of $45,000 Dec. 31 Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Office equipment is depreciated using the doubledectining- with zero residual value. Office equipment is depreciated using the double-declining- Dec. 31: Record depreciation on the communication equipment. Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Dec. 31: Record depreciation on the office equipment. Office equipment is depreciated using the double-declining-balance method over five years with a $3,000 residual value