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Granny Carney Associatos surveys American eating habits. The company/s acoounts include Land, Buldings, Oflice Equpment, and Communication Equipment. wth a soparate Accumulared Depreciation account for

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Granny Carney Associatos surveys American eating habits. The company/s acoounts include Land, Buldings, Oflice Equpment, and Communication Equipment. wth a soparate Accumulared Depreciation account for each depreciable astet. During 2024, Granmy Carney Associates compleled the followirg transactions: 1. (Click the icon to view the transactions) Record the transactions in the journal of Granny Comey Assoclates. (Recort debis first, then crests. Select the explanaton on the las ine of the puinal entry tabie.) More info Jan. 1: Purchased office equipmont, $117,000. Paid $84,000 cash and financed the remainder wath a note payable. (Record a single compound jpurnal entry) Apt. 1. Acquired land and cormenumicition equpment in a lump-sum purchase. Total cost was $410,000 pad in cash Ar hdependent apprabal valued tha land at F322.075 and the communtaton equipment a $107,625 (Fencord a thite compound joumat entiy) Sep. 1: Sold a buliding that cost $580,000 (accumulated depreciaton of $280,000 through December 31 of the procoding year), Granny Carney Assoclates received $330,000 cash trom the ksio of the building. Depreciation is computed on a straight-line basis. The bulding has a 40 -year useful tife and a fesidual value of $40,000. Belore we record the sale of the bullding, we must record depreciation on the bulding theough Septnmber 1, 2024. Now record the sale of the buinding on September 1 Doc: 31: Record depreciation on the communication equipment. Communication eoucomand ic danowaratad

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