Hilda Carr 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 2014, Hilda Carr completed the following transactions:

Jan. 1 Purchased office equipment, $ 122,000. Paid $ 90,000 cash and financed the remaining with a note payable.

Apr. 1 Acquired land and communication equipment in a lump-sum purchase. Total cost was $ 430,000 paid in cash. An independent appraisal valued the land at $ 338,625 and the communication equipment at $ 112,875.

Sep. 1 Sold a building that cost $ 560,400 (accumulated depreciation of $ 260,000 through December 31 of the preceding year). Carr received $ 390,000 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 $ 90,000.

Dec. 31 Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Office equipment is depreciated using the double- declining- balance method over five years with a $ 1,000 residual value.

Record the transactions in the journal of Hilda Carr Associates.