Req 1B Reg 2 Req3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/eve Required" in the first account field.) View transaction list Journal entry worksheet Record the painting charges of $350 on account. Note: Enter debits before credits. General Journal Debit Credit Date Jan 08 Record entry Clear entry View general journal Reg 1B Reg 2 Req3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/eve Required" in the first account field.) View transaction list Journal entry worksheet Record the payment in full for the painting charges. Note: Enter debits before credits. General Journal Debit Credit Date Jan 30 Record entry Clear entry View general journal Reg 1B Req 2 Reg 3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/e Required" in the first account field.) View transaction list Journal entry worksheet Record the cash expense of $250 incurred to tune up the tour bus. Note: Enter debits before credits. General Journal Debit Credit Date Feb 08 Record entry Clear entry View general journal Reg 1B Reg 2 Reg 3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transactic Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of a small office building and land for $20,000 cash and $190,000 five year note. Note: Enter debits before credits. General Journal Debit Credit Date Mar 01 Record entry Clear entry View general journal Req 1B Reg 2 Req3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/ex Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of goodwill and tangible assets for $90,000 cash. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Reg 1B Reg 2 Req3 For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Palmer Cook Music Productions should report for the quarter ended March 31. For convenience, the equipment and vehicle are depreciated the same way, using the straight-line method with a useful life of five years and no residual value. The building is depreciated using the double-declining-balance method, with a 10-year useful life and residual value of $20,000. TIP: Calculate depreciation from the acquisition date to the end of the quarter. (Do not round intermediate calculations.) Show less Partial Year Vehicle Equipment Building Reg 1B Reg 2 Reg 3 Prepare a journal entry to record the depreciation calculated in requirement 2. (Do not round intermedi required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the depreciation expense for the three assets at the end of the quarter. Note: Enter debits before credits. General Journal Debit Credit Date Mar 31 Record entry Clear entry View general journal