Sophie Miller 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 2018, Sophie Miller Associates completed the following transactions (Click the icon to view the transactions Record the transactions in the journal of Sophie Miller Associates (Record debits first then credas Select the explanation on the last line of the journal entry table Check your spelling carefully and do not abbreviate When applicable, use only the account names given in the problem statement) Jan. 1: Purchased office equipment, 5117,000. Paid $73,000 cash and financed the remainder with a note payable. (Racord a single compound journal entry) Date Accounts and Explanation Debit Credit Jan. 1 Office equipment 117.000 Cash 73.000 Notes Payable 44,000 To record purchase of office equipment with cash and not payable Apr 1 Acquired land and communication equipment in a lump-sum purchase Total cost was $360.000 paid in cash. An independent appraisal valued the land a 5283.500 and the communication equipment at $94.500. Record a single compound journal entry) Date Accounts and Explanation Debit Credit Land 270 000 Sophie Miler Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment and Communication Equipment with e separate Accumulated Depreciation account for each depreciable asset. During 2018 Sophie Miller Associates completed the following transactions Click the icon to view the transactions Record the transactions in the journal of Sophie Miller Associates. (Record debits first, then credits Select the explanation on the last line of the journal entry table Check your spelling carefully and do not abbreviate When applicable use only the account names given in the problem statement Apr 1: Acquired land and communication equipment in a lump-sum purchase. Total cost was $360,000 paid in cash. An independent appraisal valond the land at 5283.500 and the communication equipment at $94.500 (Record a single compound journal ante) Date Accounts and Explanation Debit Credit -Apr 1 Land 270.000 Communication equipment 50.000 Cash 360.000 To record durchase and communication went with cah Smp 1 Sold a building that cost $555000 accumulated depreciation of $255.000 through December 31 of the preceding year) Sophie Miller Associates received 5350 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 valve of $75 000 Before we record the sale of the buildina we must record detection on the building through September 1, 2018 Sophia Miller 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 2018, Sophie Millor Associates completed the following transactions Click the icon to view the transactions) Record the transactions in the journal of Sophie Miller Associates (Record debts first, then credits. Select the explanation on the last line of the journal entry tablet Check your poling carefully and do not abbreviato. When applicable, use only the account names given in the problem statement) To record purchase of land and communication equipment with cash Sep 1 Sold a buiding that cost $555,000 (accumulated depreciation of 5255,000 through December 31 of the preceding you) Sophie Miller 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 $75,000 Before we record the sale of the building, we must record depreciation on the building through September 1, 2018 Date Accounts and Explanation Debit Credit Sep 1
