Gloria Roper Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation account for each dapreciable asset During 2024. Gloria Roper Associates completed the following transactions Click the icon to view the transactions) Record the transactions in the Journal of Gloria Roper Associates (Record dobits first, then credits Select the explanation on the last line of the journal entry table) GT Jan 1Purchased office equipment 5111.000 Paid 571,000 cash and financed the remainder with a note payable (Record a single compound journal entry) Date Accounts and Explanation Debit Credit Jan 1 Apr 1 Acquired land and communication equipment in a lump sum purchase. Total cost was 410.000 paid in cash An independent appraisal valued the fand at 5322,875 and the communication equipment at $107.625 (Record a single compound journal entry) Date Accounts and Explanation Debit Credit Ape Sep 1 Sold a building that cost $600,000 (accumulated depreciation of 245 000 through December 31 of the preceding year) Gloria Roper Associates received 5430,000 cash from the sale of the building Depreciation in computed on a straight line basis. The building has a 40 year useful life and a resical value of $45.000 Before we record the sale of the building, we must record depreciation on the building through September 1, 2024 Date Accounts and Explanation Dubit Credit Sep 1 Now record the sale of the building on September 1 Date Accounts and Explanation Debit Credit Sep 1 Dec 31 Record depreciation on the communication equipment Communication equipment a depreciated by the straight line method over a five-year lowth 2010 residual value Date Accounts and Explanation Debit Credit Gloria Roper Associates surveys American eating habits. The company's accounts include Land Buildings, Office Equipment and Communication Equipment, with separate Accumulated Depreciation account for each depreciable asset During 2024. Gloria Roper Associates completed the following transactiona (Click the icon to view the transactions.) Record the transactions in the journal of Gloria Roper Associates (Record dobits first, then credits Select the explanation on the last line of the journal entry tablo) G a Sep 1: Sold a building that cost $600,000 (accumulated depreciation of S245,000 through December 31 of the preceding year) Gloria Roper Associates received $430,000 cash from the sale of the building Depreciation is computed on a straight line bari The building has a 40-year useful life and a residual value of $45,000 Before we record the sale of the building, we must record depreciation on the building through September 1, 2024 Accounts and Explanation Debit Credit Sep. 1 Date Now record the sale of the building on September 1 Date Accounts and Explanation Debit Credit Sep 1 Dec 31 Record depreciation on the communication equipment Communication equipment is deprecated by the straight line method over a live-year life with zero residual value Date Accounts and Explanation Debit Credit Dec 31 Dec 31 Record depreciation on the office equipment Office equipment is deprecated using the double declining balance method over five years with a $4.000 residual vake Date Accounts and Explanation Debit Credit Dec 31 - X More info Jan. 1 Purchased office equipment, $111.000 Paid $71,000 cash and financed the remainder with a note payable Apr. 1 Acquired land and communication equipment in a lump sum purchase. Total cost was $410,000 paid in cash. An independent appraisal valued the land at $322,875 and the communication equipment at $107,625, Sep. 1 Sold a building that cost $600 000 (accumulated depreciation of $245,000 through December 31 of the preceding year) Gloria Roper 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 double-declining- balance method over five years with a $4,000 residual value le- Print Done