i More Info - X Jan. 1 Purchased office equipment, $110,000. Paid $73,000 cash and financed the remainder with a note payable. Apr. Acquired land and communication equipment in a lump-sum purchase. Total cost was $340,000 paid in cash. An independent appraisal valued the land at $267.750 and the communication equipment at $89,250. Sep. Sold a building that cost $550,000 (accumulated depreciation of $280,000 through December 31 of the preceding year). Guilda Bell Associates received $330.000 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 $40.000 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 s deprecated using the double-declining-balance method over five years with a $6.000 residual value. Print | Done Done Gulda Bell Associates surveys American eating habits. The company's accounts include Land Buildings. Office Equipment and Communication Enigment with a separate Accumulated Depreciation account for each depreciable assel. During 2018, Guilda Bell Associates completed the following transactions 0 Cack the icon to view the transactions.) Record the transactions in the journal of Guilda Bell Associates. Record debits first, the credits. Select the explanation on the last line of the journal entry table)