O P9-38B (similar to) Qube Quad Best Away Anting. The company's coulde and Building Office Equipment and common in the Acuede ng 3011, Associales completed the following transactions: the contew the trans) Record the action in the journal of Ourde el Amodates Record bestredict the won on the two thout wry) 1. Pached the $116.000 80.000 chand financed the remain with anot pay conta comodity Dari Accounts and Explanation Debit Cra =9210bach iew 4 of 4 (1 completo) he company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Accumulated Dip sactions: ciates, More Info 000 cash mation Jan. 1 Apr. 1 Purchased office equipment, $116,000. Paid $80,000 cash and financed the remainder with a note payable 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, Sold a building that cost $570,000 (accumulated depreciation of S265,000 through December 31 of the preceding year). Guilda Bell Associates received $410,000 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 $45.000 Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Office equipment is depreciated using the double-dedining- balance method over five years with a $4,000 residual value Sep. 1 Dec. 31 Print Done ut fields and then click Check Answer Clear All 000 F2 F