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journat Entries for Plant Assets. Durng the frost few days of the year; Cosst Company entered into the following transactions: Ped 1236 freyent en the new equipmert. Requect 4. Prepare joumal entres to record these iransactions. b. Prepare the December 31 journal entries to record depreciation expense for the year. Double decining balance depreciaton is used for the equipenent, and ut aight Ine depreciabon is used foc the buiding and parknclot: Transactions Depreciation Transactions Depreciation \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{\begin{tabular}{c} General Journal \\ \hline Date \end{tabular}} & \multicolumn{2}{c|}{ Description } & Debit & Credit \\ \hline Dec.31 & & \\ \hline & To record depreciation on building. & \\ \hline Dec.31 & To record depreciation on parking lot. & \\ \hline \end{tabular} Previous Save Answers