please help!! the last image was the wrong answer!!
(b) The parts of this question must be completed in arder. This part will te available when you complete the part above. (c) The parts of this question must be compieted in order. This part will be available when you complete the purt above 9:46 al 2 23 Expert Q\&A (1) \begin{tabular}{|l|} \hline 01-Apr \\ \hline 01 May \\ \hline 01-May \\ \hline \end{tabular} Land Cash (To record land purch ased) Depreciation Expense 5 Accumulated Deprecia tion - Equipment (To record depreciatio n expenses) Cash Accumulated Deprecia tion - Equipment Equipemnt Gain on sale of Plant a sset ( To record sale of Equi pment ) \begin{tabular}{|l|r|} \hline Cash & $1,600,0 \\ 00 \end{tabular} Land Gain on sale of Land ( To record sale of Lan d) \begin{tabular}{|c|c|c|} \hline d) & & \\ \hline Equipment & \begin{tabular}{r} $2,300,0 \\ 00 \end{tabular} & \\ \hline cash & & \begin{tabular}{r} $2,300,0 \\ 00 \end{tabular} \\ \hline \begin{tabular}{l} ( to record equipment \\ Purchased) \end{tabular} & & \\ \hline \begin{tabular}{l} Accumulated Deprecia \\ tion - Equipment \end{tabular} & $514,000 & \\ \hline Equipment & & $514,000 \\ \hline \end{tabular} 31-Dec \begin{tabular}{|l|l} \hline Cash & $684,000 \\ \hline \begin{tabular}{l} Accumulated Deprecia \\ tion - Equipment \end{tabular} & $494,000 \\ \hline \end{tabular} (1140000/1 $2,040,0 00 $38,000 0] /124 01-Jun $684,000 $38,000 $2,040,0 00 Depreciation Expense 01-Jul $2,300,0 00 $514,000 $392,000 \begin{tabular}{|r|r|} & \\ & \\ & \\ 02,300,0 & \\ & \\ $514,000 & \\ 000 & \\ 00 & \end{tabular} Home Courses search Tools Folder At December 31,2022 . Culver Company reported the following as plant assets. During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,040,000. May 1 Sold equipment that cost $1,140,000 when purchased on January 1, 2019. The equipment was sold for $684,000. June 1 Sold land purchased on June 1,2013 for $1,600,000. The land cost $392,000. July 1 Purchased equipment for $2,300,000. Dec. 31 Retired equipment that cost $514,000 when purchased on December 31,2013. Accumbiated Oepreciation-Eulinment Foulonent Gaipon Dhposw of Plant Asets : (To record sate of equipment) Mar 1 onh Land Gain on Disposal of Plant Avets Nine 1 Canh Land July 1 Equlanent Canch (To record depreciation) Dec. 31 : 534000 Equipricent Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no salvape value. The equipment is estimated to have a 10-year useful life and no salvage value, Update depreciation on assets disposed of at the time of sale or retirement. (List all debit entries before credit entries. Credit account titles are automotically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.)
