PLEASE ANSWER THE QUESTION 3 IN THE IMAGE

Got it wrong here I alveady tried "Property", "Property \& Equip ment", 'Net properfy", "Investment" "Long-term in vest ment". But they 're all wrong II! The following transactions are from Mase's Motors. a car repair shop. Write out the journal entries for yourself, then fill in the blanks with the correct debits and credits for each scenario. If there is no entry. then write 'No Entry for the debit arid credit boxes and 'O' for the arnounts, The furst line is askine for the account name, and the second line is asking for the dollar amount you would be debiting of crediting to that account. Ex: This would require a debit to Cash and a credit to Accounts Recteivable. The dehit would be for 100 and the credit would be for 1001 . 'Note: in the next question you wii be asked to prepare a balance sheet. it noy be helpful fo create T-charts for each of the occounts you ase for your entries. Beginning bahances are listed in the next question. a. Purchased land for a new regair shop, costing $5,000, using a long term mote. This would require a debit to and a crexit to The debit would be for and the cresit would be for b. Sold a large piece of equipment tor 5600 cash. The equipment is currently valued at 5600 in the Equipment account. This trould requite a debit to and a credit to The dehit would be for and the crecit would be fol c. Issued 90 shares of common stoxk for 520 each. There was no par value for the stocks. This would require a delait to and a credit to The debit would be for and the credit would be for Partal Question 3 2.75/3 pts Whe the journal entries fram the previous question to create a year-end balance sheet for Mike's Motors. Assume they started the year with \$1,000 in Cash. $400 in Accounts Receivable, 5600 in Equipment. $1,000 in Accounts. Payable, and \$1,000 in Retained Eamings