Question: Current Attempt in Progress At December 31, 2022. Pina Colada Corp. reported the following plant assets, During 2023, the following selected cash transactions occurred. April1



Current Attempt in Progress At December 31, 2022. Pina Colada Corp. reported the following plant assets, During 2023, the following selected cash transactions occurred. April1 Purchased land for \$2,190,000. May 1 Sold equipment that cost $900,000 when purchased on Jamuary 1,2016. The equipment was sold foe $270.000. June 1 Sold land for $1,540,000. The land cost $994,000. July 1 Purchased equipment for $1,094,000 Dec, 31 Retired equipment that cost $691,000 when purchased on December 31,2013. No salvage value was recelved. Record adjusting entries for depreciation for 2023. FCredit account tities are automatically indented when amount is entered. Do not indent manualiy Record journal entries in the order presented in the problem. if no entry is required, select "No Entry" for the account titlet and enter 0 for the amounts.] ond Equipment )
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