Journalize the transactions. At December 31, 2022. Blue Spruce Company reported the following as plant assets. Land

Journalize the transactions.
 

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At December 31, 2022. Blue Spruce Company reported the following as plant assets. Land $3,560,000 Buildings $29,090,000 Less: Accumulated depreciation-buildings 12,460,000 16,630,000 Equipment 48,930,000 Less: Accumulated depreciation-equipment 5,430,000 43,500,000 Total plant assets $63,690,000 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,000,000. May 1 June 1 July 1 Dec. 31 Sold equipment that cost $1,170,000 when purchased on January 1, 2019. The equipment was sold for $702.000. Sold land purchased on June 1, 2013 for $1,470,000. The land cost $410,000. Purchased equipment for $2,470.000. Retired equipment that cost $473,000 when purchased on December 31, 2013. At December 31, 2022. Blue Spruce Company reported the following as plant assets. Land $3,560,000 Buildings $29,090,000 Less: Accumulated depreciation-buildings 12,460,000 16,630,000 Equipment 48,930,000 Less: Accumulated depreciation-equipment 5,430,000 43,500,000 Total plant assets $63,690,000 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,000,000. May 1 June 1 July 1 Dec. 31 Sold equipment that cost $1,170,000 when purchased on January 1, 2019. The equipment was sold for $702.000. Sold land purchased on June 1, 2013 for $1,470,000. The land cost $410,000. Purchased equipment for $2,470.000. Retired equipment that cost $473,000 when purchased on December 31, 2013.