Requirements 1. Journalize Romano Lake Resort's plant asset purchase and depreciation transactions for 2019. 2. Report plant assets on the December 31, 2019, balance sheet. Requirement 1. Journalize Romano Lake Resort's plant asset purchase and depreciation transactions for 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by journalizing the plant asset purchase.

Romano Lake Resort reported the following on its balance sheet at December 31, 2018: B! (Click the icon to view the partial balance sheet.) i (Click the icon to view additional information.) Requirements 1. Journalize Romano Lake Resort's plant asset purchase and depreciation transactions for 2019. 2. Report plant assets on the December 31, 2019, balance sheet. Requirement 1. Journalize Romano Lake Resort's plant asset purchase and depreciation transactions for 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by journalizing the plant asset purchase. Journal Entry Accounts Date Debit Credit Next, journalize the depreciation on the buildings. Date Journal Entry Accounts Debit Credit Begin by journalizing the plant asset purchase. Journal Entry Accounts Date Debit Credit Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Buildings Next, journ Cash Depreciation Expense - Buildings Depreciation Expense - Equipment Date Equipment Debit Credit Now journalize the depreciation on the equipment. Journal Entry Date Accounts Debit Credit Requirement 2. Report plant assets on the December 31, 2019, balance sheet. Balance Sheet Property, plant, and equipment: Less: Less: Total property, plant, and equipment Requirement 2. Report plant assets on the December 31, 2019, balance sheet. Balance Sheet Property, plar Accumulated depreciation Buildings Cash Less: Equipment Land Less: Total property, plant, and equipment