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question i submitted this problem a few minutes ago and all the accounts titles are 4279437

Question

I submitted this problem a few minutes ago and all the accounts titles are correct but all the numbers are incorrect.

problem 9-2A

at December 31,2014 navaro corporation reported the following plant assets.

land $5,943,000

buildings $32,790,000

less: accumulated depreciation – buildings $23,623,425 /9,166,575

equipment $79,240,000

less: accumulated depreciation -equipment 9,905,000/69,335,000

total plant assets $84,444,575

during 2015, the following selected cash transactions occurred.

April 1 purchased land for $4,358,200

May 1 sold equipment that cost $1,188,600 when purchased on January 1,2008. The equipment was sold for $336,770.

June 1 sold land for $3,169,600. the land cost $1,981,000.

July 1 purchased equipment for $2,179,100.

December 31 retired equipment that cost $1,386,700 when purchased on December 31,2005. no salvage value was received.

journalize the transactions. navaro 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.

As I stated this is a 3 part problem asking for journalize, Record adjusting entries for depreciation for 2015, and prepare the plant assets section of Navaro's balance sheet at December 31,2015.

Again the account titles are correct but every last numbers were wrong a lot of the numbers were wrong and in the wrong debit and credits columns.

 

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