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Please help thanks! During 2021, Ming's Book Store paid $485,000 for land and built a store in Georgetown, Washington D.C. Prior to construction, the city

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During 2021, Ming's Book Store paid \$485,000 for land and built a store in Georgetown, Washington D.C. Prior to construction, the city of Georgetown charged Ming's \$1,500 for a building permit, which Ming's paid. Ming's also paid $15,500 for archiect's fees. The construction cost of $695,000 was tinanced by a long-term note payable, with interest costs of $28,920 paid at the completion of the project. The building was completed June 30, 2021. Ming's depreciates the building using the straight-Ine method over 35 years, with estimated residuall value of $338,000. Read the recuirements. Requirement 1. Joumalize transactions for the folowing (explanations are not required): a. Purchase of the land, b. All the costs chargeable to the building in a single entry, and c. Depreciation on the building for 2021. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Joumalize the purchase of the land

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