$At$ December $31,2025,$ Marigold Corporation reported the following plant assets. Dep

During $2026,$ the following selected cash transactions occurred.

Apr. $1$ Purchased land for $$3,720,200.$

May $1$ Sold equipment that cost $$1,014,600$ when purchased $on$ January $1,2019.$ The equipment was sold for $$287,470.$

June $1$ Sold land for $$2,705,600.$ The land cost $$1,691,000.$

July $1$ Purchased equipment for $$1,860,100.$

Dec. $31$ Retired equipment that cost $$1,183,700$ when purchased $on$ December $31,2016.No$ salvage value was received.

Your answer $is$ correct.

Journalize the transactions. $(Hint.$ You may wish $to$ set $upT-$accounts, post beginning balances, and then post $2026$ transactions.$)$

Marigold uses straight$-$line depreciation for buildings and equipment. The buildings are estimated $to$ have $a40-$year useful life

and $no$ salvage value; the equipment $is$ estimated $to$ have $a10-$year useful life and $no$ salvage value Update depreciation $on$

assets disposed $ofat$ the time $of$ sale $(List$ all debit entries before credit entries. Record entries $in$ the order displayed $in$

the problem statement Credit account titles are automatically indented when amount $is$ entered. $Do$ not indent manually. $Ifno$ entry $is$

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

ate

$1$quad $v$

$31$quad$$

$(To$ record depreciation $on$ equipment sold$)$

$(To$ record sale $of$ equipment$)$

Account Titles and Explanation

Cash

Cash

Depreciation Expense

Accumulated Deprecation $-$Equipment

$(To$ record depreciation $on$ equipment retired$)$

Accumulated Depreciation Equipment

Credit

$(To$ record disposal $of$ equipment$)$

$(b)$

Record adjusting entries for depreciation for $2026.(List$ debit entry before credit entry. Credit account titles are automatically indented

when amount $is$ entered $Do$ not indent manually. $Ifno$ entry $is$ required, select $"No$ Entry" for the account titles and enter $0$ for the

amounts.$)$

Account Titles and Explanation

Credit

Depreciation Expense

Accumulated Depreciation$-$Buildings

$(To$ record depreciation $on$ buildings$)$

Depreciation Expense

$(To$ record depreciation $on$ equipment$)$

$At$ December $31,2025,$ Marigold Corporation reported the following plant assets.

During $2026,$ the following selected cash transactions occurred.

Apr. $1$ Purchased land for $$3,720,200.$

May $1$ Sold equipment that cost $$1,014,600$ when purchased $on$ January $1,2019.$ The equipment was sold for $$287,470.$

June $1$ Sold land for $$2,705,600.$ The land cost $$1,691,000.$

July $1$ Purchased equipment for $$1,860,100.$

Dec. $31$ Retired equipment that cost $$1,183,700$ when purchased $on$ December $31,2016.No$ salvage value was received. Your answer $is$ correct.

Journalize the trangactions. $(Hint.$ You may wish $to$ set $upT-$accounts, post bezinning balances, and then post $2026$ transactions.$)$

Marigold uses straight$-$line depreciation for buildings and equipment. The buildings are astimated $to$ have $a40-$year usefull life

and $no$ salvage value; the equipment $is$ estimatad $to$ havea $10-$year useful life and $no$ salvage value Update depreciation $on$

assets disposed $ofat$ the time $of$ sale $or$ ratirament. $(List$ all debit entries before credit entries. Record entries $in$ the order displayed $in$

the problem statement Credit account tities are automatically indented when amount $is$ entered. $Do$ not indent manually. $Ifno$ entry $is$

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

ate

$1,v$

$31,$

$(To$ record depraciation $on$ equipment sold$)$

$(To$ record sale $of$ equipment$)$

Account Titles and Explanation

Cash

Cash

Dagraciation Exgansa

Accumulatad Dagraslation$-$Equibment

$(To$ record depreciation $on$ equipment retired$)$

Aceumulatad Dagrastationr$-$Equibmant

Credit

$(To$ racard disposal $of$ equipment$)(b)$

Record adjusting entriss for dapraciation for $2026.(List$ debit entry before credit entry. Credit account titles are automatically indented

when amount $is$ entered $Do$ not indent manually. $Ifno$ entry $is$ required, select $"No$ Entry" for the account titles and enter $0$ for the

amounts.$)$

Account Titles and Explanation

Credit

Degraclation Exgense

Aceumulatad Degraclation$-$Bulldives

$(To$ record depreciation $on$ buildings$)$

Degraclation Exgense

$(To$ record depreciation $on$ equipment$)$