Record any adjustments required at December $31.$

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses and losses require a negative sign or parentheses.

Increases in Accumulated Depreciation require a negative sign or parentheses.

Decreases in Accumulated Depreciation are entered as postive amounts.

Question $6$ of $6$

$\frac{2\mathrm{.}17}{5},$vdots,vdots

At January $1,2027,$ Wildhorse Company reported the following property, plant, and equipment accounts:

The company uses straight$-$line depreciation for buildings and equipment, its year$-$end is December $31,$ and it makes adjustments annually. The buildings are estimated to have a $40-$year useful life and no salvage value; the equipment is estimated to have a $10-$year useful life and no salvage value.

During $2027,$ the following selected transactions occurred:

Apr. $1$ Purchased land for $$4\mathrm{.}3$ million. Paid $$1\mathrm{.}075$ million cash and issued a $3-$year, $6\%$ note payable for the balance. Interest on the note is payable annually each April $1.$

May $1$ Sold equipment for $$210,000$ cash. The equipment cost $$3\mathrm{.}30$ million when originally purchased on January $1,2019.$

June $1$ Sold land for $$5\mathrm{.}04$ million. Received $$750,000$ cash and accepted a $3-$year, $5\%$ note for the balance. The land cost $$1\mathrm{.}2$ million when purchased on June $1,2021.$ Interest on the note is due annually each June $1.$

July $1$ Purchased equipment for $$2\mathrm{.}0$ million cash.

Dec. $31$ Retired equipment that cost $$1$ million when purchased on December $31,2017.$ No proceeds were received. give the adjustments for december $31$st please!!!!!!