Ruthie Tarrier Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment with a separate Accumulated Depreciation account for each depreciable asset. During 2024, Ruthie Tarrier Associates completed the following transactions Click the loon to view the transactions) Jan 1: Purchased office equipment, 5120,000. Paid $77.000 cash and financed the remainder with a note payable. (Record a single compound journal entry) Accounts and Explanation Date Debit Credit Jan 1 viewed d the transactions in the jou Jan. 1 try te Apr. 1 Purchased office equipme te Sep. 1 Purchased office equipment, $120,000. Paid $77,000 cash and financed the remainder with a note payable. Acquired land and communication equipment in a lump-sum purchase. Total cost was $380,000 paid in cash. An independent appraisal valued the land at $299,250 and the communication equipment at $99,750. Sold a building that cost $580,000 (accumulated depreciation of $280,000 through December 31 of the preceding year). Ruthie Tarrior Associates received $350,000 cash from the sale of the building Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $40,000 Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Office equipment is depreciated using the double-declining- balance method over five years with a $3,000 residual value. 1 Dec. 31 Ruthie Tarrier Associates surveys American eating habilis. The company's accounts include Land, Buildings, Office Equipment and Communication Equipment, with a separate Ap 1 Acquired land and communication equipment in a lump sum purchase. Total cost was $380,000 paid in cash. An independent appraisal valued the land at $299 250 and the communication equipment 599,750 (Record a single compound journal entry) Date Accounts and Explanation Debit Credit Apr1 Dep. 1 Gold Buding at $500.000 depreciation of $200,000 tough December 31 of the preceding year) Ruthie Tormer Associates received $350,000 cash from the We of the building Direction is compued on a straight line basis. The building has a 40 years and a residualus of $40.000 Before we record the sale of the building, we must record depreciation on the building roheptember 1, 2014 Date Accounts and Explanation Debit Credit Sep 1 Rutlle Tarrier Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Now record the sale of the building on September 1 Date Credit Debit Accounts and Explanation Sep 1 Dec 31 Record depreciation on the communication equipment. Communication equipment is depreciated by the straight line method over a five-year to with zero residual value Date Accounts and Explanation Debit Credit Dec 31 Ruthia Tarrier Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Date Accounts and Explanation Debit Credit Dec 31 Dec. 31 Record depreciation on the office equipment Office equipment is depreciated using the doubledecining balance method over five years won a $3,000 residual value Data Accounts and Explanation Debit Credit Den si