Record adjusting entries for depreciation for 2026. (List debit entry before credit entry. 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 Dec. 31 V Dec. 31 V Account Titles and Explanation Depreciation Expense Accumulated Depreciation-Buildings (To record depreciation on buildings) Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment) Debit 667,500 Credit 667,50

Record adjusting entries for depreciation for 2026. List debit entry before credit entry. Credit occount titles are automatically indented when amount is entered. Do not indent manualily. If no entry is required, seiect "No Entry" for the account titles and enter 0 for the amounts: At December 31, 2025, Flint Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,983.200 May 1 Sold equipment that cost $813,600 when purchased on January 1,2019. The equipment was sold for $230,520. June 1 Sold land for $2,169,600. The land cost $1,356,000. July 1 Purchased equipment for $1,491,600. Dec 31 Retired equipment that cost $949,200 when purchased on December 31,2016 . No salvage value was recelved