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please correct the wrong answers marked in red thank you. At January 1, 2022, Ivanhoe Company reported the following property, plant, and equipment accounts: Accumulated

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please correct the wrong answers marked in red thank you.
At January 1, 2022, Ivanhoe Company reported the following property, plant, and equipment accounts: Accumulated depreciation--buildings Accumulated depreciation equipment Buildings Equipment Land $62,650,000 53,850,000 97,600,000 150,750,000 20,350,000 The company uses straight-line depreciation for buildings and equipment its year-endis December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40 year useful life and no salvage value the equippent 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 $4.40 million. Pald S1.100 millon 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 $330.000 cash. The equipment cost $3,30 million when originally purchased on January 1, 2014, June 1 Sold land for $4.02 milion Received $750,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1.80 million when purchased on June 1, 2016 Interest on the note is due annually each June 1. Purchased equipment for $2.80 million cash, Dec 31 Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received July 1 la) Question 9 o 1.31/4.5 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 for the amounts.) Account Titles and Explanation Debit Date April Credit land 4400000 Cash 1100000 Notes Payable 3300000 May 1 Depreciation Expense 1100000 1100000 Equipment (To record depreciation expense) Cash May 1 330000 Accumulated Depreciation Coment 3790000 Loss on loosal of Plant Assets 220000 (To record sale of equipment) June 1 Notes Payable 3370000 Sales Revenue 2200000 July 1 Question 9 of 10 > 1.31/4.5 Loss on Disposal of Plant Assets 220000 3300000 Equipment (To record sale of equipment) Cash June 1 750000 Notes Payable 3270000 Sales Revenue 2200000 Land 1800000 July 1 : Equipment 2800000 Cash 2800000 Dec 31 Depreciation Expense 100000 100000 Equipment (To record depreciation expense) Accumulated Depreciation Equipment Dec 31 1000000 Equiment 1000000 (To record disposal of equipment) eTextbook and Media Assistance Used List of Accounts

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