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on account for each depreciable asset. During 2024, Jane VIIS nsactions.) i More Info Apr. 1 Purchased office equipment. 5111,000. Paid 581,000 cash and financed the remainder Jan. 1 with a note payable Acquired land and communication equipment in a lump-sum purchase. Total cost was $390,000 paid in cash. An independent appraisal valued the land at $307,125 and the communication equipment at $102.375. Sold a building that cost $555.000 (accumulated depreciation of $255,000 through December 31 of the preceding year). Janie Mills Associates received $330.000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $75,000. Recorded depreciation as follows Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value Office equipment is depreciated using the double-declining- Dec. 31 balance method over five years with a $5,000 residual value Sep. 1 Print Done enter any number in the input fields and then continue to the next question ing Co Amber and Zack Wilson are continuing to review business practices. Currently, Shando.com Find LG Janie Mills Associates surveys American eating habits. The company's accounts include Land Buildings, Office Equipment, and Communication Equipment, with a aparate Accumulated Depreciation account for each depreciable asset. During 2024. Janie Mills Associates completed the following transactions Click the icon to view the transactions) Record the transaction in the Joumal of Janie Mils Associates (Record debits first, then credits Select the explanation on the last line of the journal entry table) Jan. 1. Purchased office equipment. 5111,000. Paid $81.000 cash and financed the remainder with a note payable. (Record a single compound jouwnal entry) Accounts and Explanation Debit Credit Date Jan Apr 1 Acquired and and communication equipment in slumpsum purchase Total cost was $390.000 paid in cash An independent appraisal and the land at 3301125 and the communication to $102.375. Recording compound jumat) Accounts and Explanation Debt Credit Net Up est for you in Accounting Freddo Aber and lack W Find me a tutor O LG 112 FO FS Janie Mis Associates surveys American eating habits. The company's accounts include Land Buildings, Office Equipment, and Communication Equipment with a separate Accumulated Depreciation account for each depreciable asset. During 2024. Janie Mills Associates completed the following transactions Click the icon to view the transactions.) Racord the transacions in the journal of Janie Mills Associates. (Record debts first, then credits Select the explanation on the last line of the journal entry table.) Sep. 1. Sold a building that co555.000 (accumulated depreciation of 5255,000 through December 31 of the preceding year) Janie Mils Associates received $330.000 cash from the sale of the building Depreciation is computed on a straighine basis. The building has a 40 year useful life and a residual value of $75.000 Before we record the sale of the building, we must record depreciation on the building through September 1, 2024 Date Accounts and Explanation Debit Credit Sup 1 Nothofthebigen Se 1 Med Eplanation Credit Up next for you in Accounting Find me a tutor LG 710 TB 17 " Supono sejournal only are Now record the sale of the building on September 1 Date Accounts and Explanation Debit Credit Sep 1 Dec 31 Record depreciation on the communication ment Communication equipment is deprecated by the straight line method over a five-year life with zero Date Accounts and Explanation Dec 31 Debit Credit Chombre en conto the question Uone for you in Accounting Find me a tutor LG Sell F10 F11 112 Badece 0 5 6 7 o anie Mills Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, separate Accumulated Depreciation account for each depreciable asset. During 2024, Janie Mills Associates completed the following transactions Click the icon to view the transactions) Record the transactions in the journal of Jane Mills Associates (Record debits first, then credits Select the explanation on the last line of the journal entry table Accounts and Explanation Date Dec 31 Debit Credit Dec 31 Record depreciation on the officient Office is deprecated using the double declining balance method over five years with a 55.000 salva Date Dec 31 Mccounts and explanation Debit Credit Center the rules and reconnue to the next question next for you in Accounting meto2 Abend Zack wionare Congo Com O Find me a tutor LG Sell F10 111 112 Pawel 31 Janie Mals Associates surveys American eating habits. The company's accounts include Land, Buildings, Office E separate Accumulated Depreciation account for each depreciable asset. During 2024, Janie Mills Associates com (Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explan Jan 1: Purchased office equipment, 5111,000. Paid $81,000 cash and financed the remainder with a note payable. Date Accounts and Explanation Debit Credit Jan. 1 Accumulated Depreciation-Building Accumulated Depreciation-Communication Equipment Accumulated Depreciation-Office Equipment Building Apr 1 Act Cash 5307.125 Communication Equipment Date Depreciation Expense Building Depreciation Expense-Communication Equipment Apr 1 Depreciation Expense-Ofice Equipment Gain on Disposal Come Land Loss on Disposal Nos Payable Choose the Office Equipment t was $390,000 paid in cash. An ournal entry) Debit Credit Se next question Up next for you in Accounting Crispy Fried Chicken bought oment on January 2 2018. for $33.000. The Amber and Zack Wilson are continuing to review business practices. Currently O LG Record the transactions in the journal of Janie Mills Associates Jan. 1: Purchased office equipment, $111,000. Paid $81,000 cash and financed the remainder wit Date Accounts and Explanation Debit Jan 1 t was $390,000 ournal entry) Apr. 1: Act $307,125 . To record depreciation on building To record depreciation on communication equipment Date To record depreciation on office equipment Apr 1 To record purchase of land and communication equipment with cash To record purchase of office equipment with cash and note payable To record sale of building Como Debit Choose from any list or enter any number in the input fields and then continue to the next question next for you in Accounting Crispy Fried Chicken bought equipment on January 2, 2018, for $33,000. The code Amber and Zack Wilson are continuing to review business practices. Currently, State Restbe.com LG Please answer the question in full if you know how to do it! Please allign the answers how the questions are so it's not confusing for me to figure out where it goes! Will give a thumbs up if the answer is correct! If you have trouble reading any of the images please let me know so I can post another picture