PF10-32A (similar to) :s Question Help Janie Mills Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation account for each depreciable asset. During 2024, Janie Mills Associates completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 1 118,000 Office Equipment Cash 78,000 Notes Payable 40,000 To record purchase of office equipment with cash and note payable. Apr. 1: Acquired land and communication equipment in a lump-sum purchase. Total cost was $360,000 paid in cash. An independent appraisal valued the land at $283,500 and the communication equipment at $94,500. (Record a single compound journal entry.) Date Accounts and Explanation Debit Credit Apr. 1 Land Communication Equipment Cash To record purchase of land and communication equipment with cash