please help with the ones that are marked red... theyre incorrect.

CES Problem 9-2A (Part Level Submission) At December 31, 2017, Riverbed Corporation reported the following plant assets Land Buildings Less: Accumulated depreciation- buildings 5,613,000 $26,640,000 22,311,6754,328,325 tudy 74,840,000 Less: Accumulated depreciation- equipment Total plant assets 9.355,000 65,485,000 75,426,325 During 2018, the following selected cash transactions Apr. 1 Purchased land for $4,116,200. May 1 Sold equipment that cost $1,122,600 when purchased on January 1, 2011. The equipment was sold for June 1 July 1 Dec. 31 $318,070 Sold land for $2,993,600. The land cost $1,871,000. Purchased equipment for $2,058,100. Retired equipment that cost $1,309,700 when purchased on December 31, 2008. No salvage value was (a) Your answer is correct. actions. Riverbed uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to no salvage value. Update order displayed in the problem statement. Credit account titles are automat entered. Do not indent manually. for the amounts.) have a 10-year useful life depreciation on assets disposed of at the time of sale or retirement. (Record entries in the If no entry is required, select "No Entry" for the account titles and enter Date Account Titles and Explanation Debit Credit April 1Land 4116200 Cash 4116200 May Depreciation Expense 37420 37420 Accumulated Depreciation-Equipment (To record depreciation on equipment sold) Accumulated Depreciation-Equipment 823240 Gain on Disposal of Plant Assets 18710 18710 ain on Disposal of Plant Assets 1122600 Equipment 2993 1871000 Land 1122600 Gain on Disposal of Plant Assets Equipme 2058100 Cash 2058100 Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment 130970 To record depreciation on equipment retired) ted Depreciation-Equipment 1309700 Equipment 1309700 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TDT LNK TO TEXT ukk fO TEXT VIDEO SIMILAR PROBLEM Attempts: 2 of 5 used Your answer is correct. Record adjusting entries for depreciation for 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explasation Dec. 31 Depreciation Expense Debit Credit 666000 Accumulated Deprecilation-Buildings (To recoed depeociation on buildings.) 666000 Dec. 31 Depreciation Expense 7343675 -1 T: Accumulated Depreciation-Equipment 7343675 (To record depreciation ce eqsipment.) indente Record adjusting entries for depreciation for 2018. (Credit account titles are automatically is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Tieles and Explanation 665000 Dec. 31 Accumulated Depreciati (To record depreciation en buildings.) 734367 Dec. 31 Depreciation Expense 7343675 Accumulated Depreciation-Equipment (To record depreciation on equipment ) Open Show Work Click if you would like to Show Work for this question: SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER VIDEO: SIMILAR PROBLEM Attempts: 2 of 5 used Your answer is partially correct. Try again. Prepare the plant assets section of Riverbed's balance sheet at December 31, 2018. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2018 transactions.) (List Plant Assets in order of Land, Building and Equipment.) RIVERBED CORPORATION Partial Balance Sheet 31, 2018 Plant Assets Land 7858200 2664 22977675 366232 Accumulated Depreciation-Buildings 74465 Less 4106845 70358955 Accumulated Depreciation-Equipment Total Plant Assets 81879480 Click if you would like to Show Work for this question: Open Show Work