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There a multiple steps to the questions. I can't seem to calculate Accumulated Depreciation correctly

Journalize the above transactions. The company uses straight$-$line dapraciation for buildings and aquipment The buildings are

estimated to have a $50-$year life and no salvage value. The equipment is estimated to have a $10-$year useful life and no salvage

value. Updata depraciation an assats disposed of at the time of sale or ratirement, $($List all debit entries before credit entries. Credit

account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in

the problem. If no entry is required, select $"$No Entry' for the account titles and enter O for the amounts.$)$

$($To record depreciation$)$

Iay $1$

Credit

Debit

$2190000$

$($To record sale of equipment$)$

$|$~$1$

$=-b_1$

$,$

$,1115000$

$2480000,$

Acsumulated Dagerselation$-$Egulomant

$47300$

$($To record depreciation$)$

Acsumulatad Dagracketior$-$Egulgmant

$]$

$473000$

$($To record retirement of equipment$)$

eTextbook and Medla $($b$)$

Your answer is partially correct.

Record adjusting entries for dapraciation for $2023.($List all debit entries before credit entries. Credit account titles are automatically

indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is

required, select $"$No Entry" for the account tities and enter O for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Degraclation Exganse

Accumalatad Dagraclatioer$-$ Eullidinge

$($To record building depreciation$)$

Degraclation Exganse

Acsumulatad Dagraclatior$-$Egulomisfit

$($To record equipment deprecition$)$

eTextbook and Medla

Llst of Accounts

Attempts: $1$ of $5$ used $($c$)$

Prapare the plant assets section of Manty's balance shest at December $31,2023.($List Plant Assets in order of Land, Buildings and

Equipment.$)$

Monty Company

Balance Sheet $($Partial$)$

Monty

Balance $S$

Desember $31,2023$

Progarty Plant and Egulement

I

Aceumulatad Depraselation$-$Bulliliras

Add

:

Aceumulatad Dapraclation$-$Egulemant

$,$

I

eTextbook and Medla

List of Accounts

Last savad $1$ sacond aga.

Attempts: $0$ of $5$ usedCurrent Attempt in Progress

At December $31,2022,$ Monty Company reported the following as plant assets.

During $2023,$ the following selected cash transactions occurred.

April $1$ Purchased land for $$2,190,000.$

May $1$ Sold equipment that cost $$1,080,000$ when purchased on January $1,2019.$ The equipment was sold for $$648,000.$

June $1$ Sold land purchased on June $1,2013$ for $$1,510,000.$ The land cost $$395,000.$

July $1$ Purchased equipment for $$2,480,000.$

Dec. $31$ Retired equipment that cost $$473,000$ when purchased on December $31,2013.$

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