Problem 9-2A At December 31, 2017, Riverbed Corporation reported the following plant assets. Land $ 5,613,000 Buildings $26,640,000 Less: Accumulated depreciationbuildings 22,311,675 4,328,325 Equipment 74,840,000 Less: Accumulated depreciationequipment 9,355,000 65,485,000 Total plant assets $75,426,325 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $4,116,200. May 1 Sold equipment that cost $1,122,600 when purchased on January 1, 2011. The equipment was sold for $318,070. June 1 Sold land for $2,993,600. The land cost $1,871,000. July 1 Purchased equipment for $2,058,100. Dec. 31 Retired equipment that cost $1,309,700 when purchased on December 31, 2008. No salvage value was received.

Journalize the transactions. Riverbed uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit April 1May 1June 1July 1Dec. 31 April 1May 1June 1July 1Dec. 31 (To record depreciation on equipment sold) April 1May 1June 1July 1Dec. 31 April 1May 1June 1July 1Dec. 31 April 1May 1June 1July 1Dec. 31 (To record depreciation on equipment retired) SHOW LIST OF ACCOUNTS

Record adjusting entries for depreciation for 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record depreciation on buildings.) Dec. 31 (To record depreciation on equipment.)

List of accounts:

Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Plant Assets Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Buildings Cash Common Stock Copyrights Cost of Goods Sold Depreciation Expense Dividends Equipment Franchise Freight-In Gain on Disposal of Land Gain on Disposal of Plant Assets Goodwill Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Land Improvements Loss on Disposal of Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Notes Receivable Other Operating Expenses Operating Expenses Patents Plant Assets Prepaid Insurance Property Tax Expense Research and Development Expense Revaluation Surplus Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Service Revenue Unearned Service Revenue Website