Question: Please use Journal tables provided for question A, and input journal entries. Thank you! Question 5 (25 marks) Complex Computer Ltd. had a December 31


Please use Journal tables provided for question A, and input journal entries. Thank you!
Question 5 (25 marks) Complex Computer Ltd. had a December 31 year end. Complex Computer Ltd. completed the following transactions: 2018 February 01: Paid S 3,000,000 plus S 100,000 in legal fees, pertaining to all assets purchased, to acquire the following assets: Asset | Appraised Value I Estimated Useful Life || Estimated Residual Value Land Building $ 900.000 1.600.000 20 years $ 200,000 50,000 Equipment 800,000 10 years Complex Computer Ltd. used the straight-line amortization method. March 01: Purchased a van for $60,000 cash. Complex Computer Ltd. determined that the estimated useful life of the van was 5 years with no residual value. March 01: Complex Computer Ltd. paid S 4,000 cash to paint the company's logo on the van. June 01: Complex Computer Ltd. paid $ 65,000 cash for annual maintenance work done on the equipment. December 31: Complex Computer Ltd. recorded amortization on its assets. 2019 July 01: Complex Computer Ltd. sold the van for $ 40,000. December 31: Complex Computer Ltd. recorded amortization on its assets. Required: A. Record the above transactions in a general journal. Provide explanations. Round all amounts to the nearest dollar. +4 DATE 2018 General Journal ACCOUNT TITLES AND POST EXPLANATIONS REF. DEBIT CREDIT DATE General Journal ACCOUNT TITLES AND EXPLANATIONS REF. POST DEBIT 2019 DEBIT CREDIT CREDIT
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