Extract from a trial balance as at 30 June 20X6:

	000	000
Land at cost	2,160.0
Buildings at cost	1,080.0
Accum. Depreciation Buildings 30.06.20X5		432.0

A revaluation of the land and buildings on 1 July 20X5 resulted in land increasing by 3,240,000 and buildings increasing by 972,000. This has not yet been recorded in the financial statements.

1. Record the two revaluation transactions above (the one in relation to the land revaluation and the other one in relation to the buildings revaluation).

You can either use the expanded accounting equation or debits/credits in your answer.