Homework: Chapter 10 Homework Question 1 Score: 0 of 2 points Save Lexington Garden Supply paid $180,000 for a group purchase of land, building, and equipment. At the time of the acquisition, the land had a market value of 505.000, the building $70,000, and the equipment $19,000. Journalize the lump-sum purchase of the three assets for a total cost of $180,000, the amount for which the business signed a goayable. (Record a single compound journal entry Record dobiti fint, the credits Select the explanation on the instine of the journal entry table) 1 Date Accounts and Explanation Debit Credit Land Building Equipment Notes Payable Choose from any list or enter any number in the input fields and then click Check Answer On August 31, 2024. Choice Landscapes discarded equipment that had a cost of $27.680 Accumulated Depreciation as of December 31, 2023, was $25,000 Assume annual depreciation on the equipment is 51680 Joumatize the partis year depreciation expense and inposal of the woment. Record debits first, then credits Select the explanation on the last line of the journal entry table) Joumalize the partial-year depreciation expense Date Accounts and Explanation Aug 31 Debit Credit To D