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Problem 9-02A At December 31, 2022, Grouper Corporation reported the following plant assets. $ 3,783,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment 11,532,575
Problem 9-02A At December 31, 2022, Grouper Corporation reported the following plant assets. $ 3,783,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment 11,532,575 $26,570,000 15,037,425 50,440,000 6,305,000 44,135,000 $59,450,575 Total plant assets During 2023, the following selected cash transactions occurred. Apr. 1 May 1 June 1 July 1 Dec. 31 Purchased land for $2,774,200. Sold equipment that cost $756,600 when purchased on January 1, 2016. The equipment was sold for $214,370. Sold land for $2,017,600. The land cost $1,261,000. Purchased equipment for $1,387,100. Retired equipment that cost $882,700 when purchased on December 31, 2013. No salvage value was received. Record adjusting entries for depreciation for 2023. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record depreciation on buildings.) Dec. 31 (To record depreciation on equipment.) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare the plant assets section of Grouper's balance sheet at December 31, 2023. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2023 transactions.) (List Plant Assets in order of Land, Building and Equipment.) GROUPER CORPORATION Partial Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Question Attempts: 0 of 4 used
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