IS THIS CORRECT?

At January 1, 2022, Pharoah Company reported the following property, plant, and equipment accounts:

Accumulated depreciationbuildings		$62,000,000
Accumulated depreciationequipment		52,750,000
Buildings		97,400,000
Equipment		150,300,000
Land		23,650,000

The company uses straight-line depreciation for buildings and equipment, its year-end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. During 2022, the following selected transactions occurred:

Apr. 1		Purchased land for $4.30 million. Paid $1.075 million cash and issued a 3-year, 6% note payable for the balance. Interest on the note is payable annually each April 1.
May 1		Sold equipment for $320,000 cash. The equipment cost $3.36 million when originally purchased on January 1, 2014.
June 1		Sold land for $5.58 million. Received $600,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1.30 million when purchased on June 1, 2016. Interest on the note is due annually each June 1.
July 1		Purchased equipment for $2.60 million cash.
Dec. 31		Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received.

Journalize the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date April 1May 1June 1July 1Dec. 31	enter an account title	enter a debit amount	enter a credit amoun
	enter an account title	enter a debit amount	enter a credit amoun
	enter an account title	enter a debit amount	enter a credit amoun
choose a transaction date April 1May 1June 1July 1Dec. 31	enter an account title to record depreciation expense	enter a debit amount	enter a credit amoun
	enter an account title to record depreciation expense	enter a debit amount	enter a credit amoun
	(To record depreciation expense)
May 1	enter an account title to record sale of equipment on May 1	enter a debit amount	enter a credit amoun
	enter an account title to record sale of equipment on May 1	enter a debit amount	enter a credit amoun
	enter an account title to record sale of equipment on May 1	enter a debit amount	enter a credit amoun
	enter an account title to record sale of equipment on May 1	enter a debit amount	enter a credit amoun
	(To record sale of equipment)
June 1	enter an account title on June 1	enter a debit amount	enter a credit amoun
	enter an account title on June 1	enter a debit amount	enter a credit amoun
	enter an account title on June 1	enter a debit amount	enter a credit amoun
	enter an account title on June 1	enter a debit amount	enter a credit amoun
choose a transaction date April 1May 1June 1July 1Dec. 31	enter an account title	enter a debit amount	enter a credit amoun
	enter an account title	enter a debit amount	enter a credit amoun
choose a transaction date April 1May 1June 1July 1Dec. 31	enter an account title to record depreciation expense	enter a debit amount	enter a credit amoun
	enter an account title to record depreciation expense	enter a debit amount	enter a credit amoun
	(To record depreciation expense)
choose a transaction date April 1May 1June 1July 1Dec. 31	enter an account title to record disposal of equipment	enter a debit amount	enter a credit amoun
	enter an account title to record disposal of equipment	enter a debit amount	enter a credit amoun
	(To record disposal of equipment)