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habits. The con leted the follow More Info ate Accumulated Dep Fils Associates aid $81,000 ce d Explanatio Jan. Purchased office equipment, $110,000. Paid $81,000 cash and financed the remainder with a note payable. Apr. 1 Acquired land and communication equipment in a lump-sum purchase. Total cost was $370,000 paid in cash. An independent appraisal valued the land at $291,375 and the communication equipment at $97,125. Sep. 1 Sold a building that cost $560,000 (accumulated depreciation of $270,000 through December 31 of the preceding year). Janie Mills Associates received $330.000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and residual value of $50,000. Dec. 31 Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. ht in a lump- 15 and the communic Office equipment is depreciated using the double-declining-balance method over five years with a $3,000 residual value. Explanatio Done nput fields are Janie Mills 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, Janie Mills Associates completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Jan. 1: Purchased office equipment, $110,000. Paid $81,000 cash and financed the remainder with a note payable. (Record a single compound journal entry) Date Accounts and Explanation Debit Credit Jan. 1 Apr. 1: Acquired land and communication equipment in a lump-sum purchase. Total cost was $370,000 paid in cash. An independent appraisal valued the land at $291,375 and the communication equipment at $97,125. (Record a single compound journal entry.) Debit Credit Date Accounts and Explanation Anr 1 Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Jante Mills 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 asset. During 2018, Janie Mills Associates completed the following transactions: Al(Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Apr. 1: Acquired land and communication equipment in a lump-sum purchase. Total cost was $370,000 paid in cash. An independent appraisal valued the land at $291,375 and the communication equipment at $97,12 single compound joumal entry) Date Accounts and Explanation Debit Credit Apr. 1 Sep. 1: Sold a building that cost $560,000 (accumulated depreciation of $270,000 through December 31 of the preceding year). Janie Mills Associates received $330,000 cash from the sale of the building. Depreciatio computed on a straight-line basis. The building has a 40-year useful life and a residual value of $50,000. Before we record the sale of the building, we must record depreciation on the building through September 1, 2018. n. NA the input fields and then continue to the next question s les 148 pis po Question Help Janie Mills 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 deprecia asset. During 2018, Janie Mills Associates completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sep. 1: Sold a building that cost $560,000 (accumulated depreciation of $270,000 through December 31 of the preceding year). Janie Mills Associates received $330,000 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 $50,000. 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 Now record the sale of the building on September 1. 12 - This Question: 9 pts 19 of 24 Janie Mills Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equip asset. During 2018, Janie Mills Associates completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explanation on the last line of the journal e Now record the sale of the building on September 1. Date Accounts and Explanation Debit Credit Sep. 1 Dec. 31: Record depreciation on the communication equipment. Communication equipment is depreciated by the straight-line method over a five-yea Accounts and Explanation Date Debit Credit Dec. 31 pes 19 of 24 Janie Mills Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communication Equi asset. During 2018, Janie Mills Associates completed the following transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explanation on the last line of the journal 1 Dec. 31: Record depreciation on the communication equipment Communication equipment is depreciated by the straight-line method over a five-year Date Accounts and Explanation Debit Credit Dec. 31 Dec. 31: Record depreciation on the office equipment. Office equipment is depreciated using the double-declining-balance method over five years wit Date Accounts and Explanation Debit Credit Dec. 31 from a list or enter any number in the innut fields and then continue to the next question. Janie Mills Associates surveys American eating habits. The company's accounts include Land, Buildings, Office Equipment, and Communica asset. During 2018, Janie Mills Associates completed the following transactions: Click the icon to view the transactions.) Record the transactions in the journal of Janie Mills Associates. (Record debits first, then credits. Select the explanation on the last line of it Dec. 31: Record depreciation on the office equipment. Office equipment is depreciated using the double-declining-balance method over five Date Accounts and Explanation Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next

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