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2024, Jari Milla Associates completed the following transactions les surveys American eating habits. The company's account include Land BuldngsOffice Equipment and Communication Equipment, with a separate Accumulated Depreciation account for each derecesit During Click the icon to view the transactions) Record the transactions in the journal of Jane Mile Associates Record debil frst, the credited the explanation on the line of the jouma entry table 44000 Depreciation Expert-ce Equipment Add Depreciation Communication Equipment Acorded Depreciation Onice Equipment To contion on cocina 12375 480000 More info Jan. 1 Apr. 1 Sep. 1 Purchased office equipment, $110,000. Paid $70,000 cash and financed the remainder with a note payable. Acquired land and communication equipment in a lump-sum purchase. Total cost was $330,000 paid in cash. An independent appraisal valued the land at $259,875 and the communication equipment at $86,625. Sold a building that cost $600,000 (accumulated depreciation of $245,000 through December 31 of the preceding year). Janie Mills 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 $45,000. 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. Dec. 31 Print Done Dec 31: Record depreciation on the communication equipment. Communication equipment is depreciated by the straight line method over a five-year life with zero residual value a Date Accounts and Explanation Debit Credit Dec. 31 Dec 31 Record depreciation on the office equipment. Oflon equipment is depreciated using the double-declining-balance method over five years with a $3,000 residual value Date Accounts and Explanation Debit Credit Dec 31 Accumulated Depreciation-Building Accumulated DepreciationCommunication Equipment Accumulated Depreciation Office Equipment Building Cash Communication Equipment Depreciation Expense-Building Depreciation Expense--Communication Equipment Depreciation Expense-Office Equipment Gain on Disposal Cash Communication Equipment Depreciation ExpenseBuilding Depreciation ExpenseCommunication Equipment Depreciation Expense-Office Equipment Gain on Disposal Land Loss on Disposal R Notes Payable Office Equipment