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Record the above transactions and adjustments, including the acquisition on April 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do

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Record the above transactions and adjustments, including the acquisition on April 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entries before credit entries. Record joumal entries in the order presented in the problem. Round answers to 0 decimal places, es. 5,275.) 2022 2023 (To record depreciation) (To record interest) (To record land impairment) (To record building impairment) 2024 Date Account Titles Debit Credit (To record depreciation) Current Attempt in Progress Crane Tool Supply Company purchased land and a building on April 1, 2022, for $351,600. The company paid $102,000 in cash and signed a 5% note payable for the balance. At that time, it was estimated that the land was worth $136,000 and the building, $215,600. The building was estimated to have a 25 -year useful life with a $30,500 residual value. The company has a December 31 year end, prepares adjusting entries annually, and uses the straight-line method for buildings; depreciation is calculated to the nearest month. The following are related transactions and adjustments during the next three years. 2022 Dec. 31 Recorded annual depreciation. 31 Paid the interest owing on the note payable. 2023 Feb. 17 Paid $180 to have the furnace cleaned and serviced. Dec. 31 Recorded annual depreciation. Feb. 17 Paid $180 to have the furnace cleaned and serviced. Dec. 31 Recorded annual depreciation. 31 Paid the interest owing on the note payable. 31 The land and building were tested for impairment. The land had a recowerable amount of $107,900 and the building $22 2024 Jan. 31 Sold the land and building for $292,000 cash: $101,000 for the land and $191,000 for the building. Feb. 1 Paid the note payable and interest owing. (a) Record the above transactions and adjustments, including the acquisition on April 1, 2022. (Credit occount titles are dutomatically indented when the 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. List all debit entries before credit entries. Record joumal entries in the order presented in the problem. Round answers to 0 (To record depreciation) (To record interest) (To record depreciation) (To record disposal) Record the above transactions and adjustments, including the acquisition on April 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entries before credit entries. Record joumal entries in the order presented in the problem. Round answers to 0 decimal places, es. 5,275.) 2022 2023 (To record depreciation) (To record interest) (To record land impairment) (To record building impairment) 2024 Date Account Titles Debit Credit (To record depreciation) Current Attempt in Progress Crane Tool Supply Company purchased land and a building on April 1, 2022, for $351,600. The company paid $102,000 in cash and signed a 5% note payable for the balance. At that time, it was estimated that the land was worth $136,000 and the building, $215,600. The building was estimated to have a 25 -year useful life with a $30,500 residual value. The company has a December 31 year end, prepares adjusting entries annually, and uses the straight-line method for buildings; depreciation is calculated to the nearest month. The following are related transactions and adjustments during the next three years. 2022 Dec. 31 Recorded annual depreciation. 31 Paid the interest owing on the note payable. 2023 Feb. 17 Paid $180 to have the furnace cleaned and serviced. Dec. 31 Recorded annual depreciation. Feb. 17 Paid $180 to have the furnace cleaned and serviced. Dec. 31 Recorded annual depreciation. 31 Paid the interest owing on the note payable. 31 The land and building were tested for impairment. The land had a recowerable amount of $107,900 and the building $22 2024 Jan. 31 Sold the land and building for $292,000 cash: $101,000 for the land and $191,000 for the building. Feb. 1 Paid the note payable and interest owing. (a) Record the above transactions and adjustments, including the acquisition on April 1, 2022. (Credit occount titles are dutomatically indented when the 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. List all debit entries before credit entries. Record joumal entries in the order presented in the problem. Round answers to 0 (To record depreciation) (To record interest) (To record depreciation) (To record disposal)

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