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Ellie Johnsan Associates surveys American eating habits. The company's accounts include Land. Bulldings, Office Equipment, and Commenication Equipment, with a separafe Accurnulated Depreciation account for

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Ellie Johnsan Associates surveys American eating habits. The company's accounts include Land. Bulldings, Office Equipment, and Commenication Equipment, with a separafe Accurnulated Depreciation account for each asset During 2016, Ellie Johnson compleled the following transactions: (1) (Cick the leon to vhaw the transactionsi) Record the transactions in the journal of Elio Johnson Associates. (Record dobits flrut, than credits Seloct the explanation oa the last lino of the joumal entry fable) Aps. 1. Acquited land and communication equipment in a lump-5um purchase. Tolal cost was $390.000 pald in cash. Art independent appralisat valued the tand af 5267 . 750 and the communication equlpthent at $89.250. (Pncord a slogle cormpoutid pouratenting) 3ep 1: Soid a building that coot 555,000 (accumulated depreciatlon of $255,000 through Docember 31 of the preceding ytar) Johanspivecerved 5340 ooo cash from ite sale of the bulding Depreciation is computed on a strilght line basie. The bulling has a 40 . yoar useful ale and a restfual vabe of 575.000 . Befote we tocord the sale of the bultding. vre rivist recoed depreciation on the buld ag through September 1,2016 Ellie Johnson Ausoclates surveyil American eating habits. The company's accounts includo Land, Bulldings, Ollice Equipmsent and Comminicalion Equipment, with a separale Accumulated Depreciation account lor each asset. During 2016. Ello Jotinson completed the follosing transactions. (1) (Cllck the icon fo vinw the tiansacions) Iviore into

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