During 2021, Chun's Book Store paid $486,000 for land and built a store in Georgetown, Washington D.C.. Prior to construction, the city of Georgetown charged Chun's $1,300 for a building permit, which Chun's paid. Chun's also paid $15,300 for architect's fees. The construction cost of $745,000 was financed by a long-term note payable, with interest costs of $36,200 paid at the completion of the project. The building was completed June 30, 2021. Chun's depreciates the building using the straight-line method over 35 years, with estimated residual value of $332,300. Read the requirements. Requirement 1. Journalize transactions for the following (explanations are not required): a. Purchase of the land, b. All the costs chargeable to the building in a single entry, and c. Depreciation on the building for 2021. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Journalize the purchase of the land. Date Journal Entry Accounts Debit Credit

Feas the erequirements Requirement 1, Joumalize trantactions for the following (explanations are not required) a. Purchase of the land, b. A the costs chargeable to the bulding in a aingie entry, and C, Oepreciation an the building for 2021. (Record debin finst, then crodis: Exclude oxplanabons from any joumal enties.) a. Joumake the purchace of the land