More info Sretta Chung Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, Depreciation account for each depreciable asset. During 2024, Gretta Chung Associates completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Gretta Chung Associates. (Record debits first, then credits. Select the explanation on the last line of the joumal entry tat Jan. 1: Purchased office equipment, $111,000. Paid $82,000 cash and financed the remainder with a note payable. (Record a single compound journal entry) Apr. 1: Acquired tand and communication equipment in a lump-sum purchase. Total cost was $390,000 paid in casn: prt independent appraisal valued the land at ecuioment at $102,375. (Record a single compound joumal entry.) Sep. 1: Sold a building that cost $570.000 (accumulated depreciation of $265,000 through December 31 of the precenung year). Gretta Chung Associates receved $3 ) Sep. 1: Sold a building that cost $570,000 (accumulated depreciation of $265,000 through December 31 of the preceding year). Gretta Chung Associates received the buliding. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $45,000. nacane wa marond the sale of the building. we must record depreciation on the building through September 1, 2024