Rossi Lake Resort reported the following on its balance sheet at December 31, 2018: LOADING...(Click the icon to view the partial balance sheet.) LOADING...(Click the icon to view additional information.) Requirements 1. Journalize Rossi 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 Rossi 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.

0 Partial Balance Sheet Property, plant, and equipment, at cost: Land ........$ Buildings Less: Accumulated depreciation ...... Equipment Less: Accumulated depreciation ....... 144,000 704,000 (347,000) 400,000 (266,000) Print Done 0 Depreciation Information On July 1 2019, the resort expanded operations and purchased additional equipment for cash at a cost of $102,000. The company depreciates buildings using the straight-line method over 20 years with residual values of $82,000. Due to expected obsolescence, the equipment has a useful life of only 10 years and is being depreciated by the double-declining-balance method with a residual value of zero Print Done Requirement 1. Journalize Rossi 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 Date Accounts Debit Credit Next, journalize the depreciation on the buildings. Journal Entry Accounts Date 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 Choose from any list or enter any number in the input fields and then continue to the next