WP8-47A (similar to) Question Help Russell Freightway provides freight service. The company's balance sheet During 2018, Russell Freightway completed the following transactions: includes Land, Buildings, and Motor-carrier equipment. Russell Freightway (Click the icon to view transaction data.) uses a separate accumulated depreciation account for each depreciable Requirement asset. 1. Record the transactions in Russell Freightway's journal. (Record debits first, then credits. Exclude explanations from all joumal entries.) Date Accounts Debit Credit Jul 1 Cash 90,000 Note receivable 660,000 Accumulated depreciation, building 276,500 Building 570,000 Gain on sale of building 456,500 Oct 31: Purchased land and a building for a cash payment of $450,000. An independent appraisal valued the land at $91,800 and the building at $448,200. (Do not round intermediary calculations. Only round the amounts you input into the journal entry table to the nearest dollar.) Journal Entry Accounts Date Debit Credit Oct 31 Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check