Question p10-32a version 10. For some reason I can't copy and paste the whole question. In looking at the explanation in Chegg there were 29 steps. I am sure that isn't all just the journal entries needed??

Gretta Chung Associates survey American eating habits. The companies accounts include land, building, office equipment, and communication equipment with separate accumulated depreciation account for each asset. During 2014 Chung Completed the following transactions:

Jan. 1 Purchased office equipment, $119,000. Paid $80,000 cash and financed the

remaining with a note payable.

Apr. 1 Acquired land and communication equipment in a lump-sum purchase. Total

cost was $270,000 paid in cash. An independent appraisal valued the land at

$212,625 and the communication equipment at $70,875.

Sep. 1 Sold a building that cost $555,000 (accumulated depreciation of $255,000

through December 31 of the preceding year). Chung received $370,000 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.

Dec. 31 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-balance method over

five years with a $2,000 residual value.

Question: Record transactions in the journal of Gretta Chung Associates