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Please help solve for a, b, and c as exactly as shown in the pictures. Thank you for your assistance. (To record depreciation) (To record
Please help solve for a, b, and c as exactly as shown in the pictures. Thank you for your assistance.
(To record depreciation) (To record retirement of equipment) Record adjusting entries for depreciation for 2023. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal ent Entry" for the account titles and enter ofor the amounts.) (c) Prepare the plant assets section of Sarasota's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Buildings and Equipment) Sarasota Company Balance Sheet (Partial) $ $ $ At December 31,2022 , Sarasota Compary reported the following as plant assets. During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,030,000 May 1 Sold equipment that cost $960,000 when purchased on January 1, 2019. The equipment was sold for $576,000. June 1 Sold land purchased on June 1,2013 for $1,500,000. The land cost $397,000. July 1 Purchased equipment for $2,510,000. Dec. 31 Retired equipment that cost $503,000 when purchased on December 31, 2013. required, select "No Entry" for the account titles and enter O for the amounts.)Step by Step Solution
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