Prepare Journal entries for the following transactions (show any dal culation

Prepare Journal entries for the following transactions (show any dal culation below)Explanations are not equired. Rond entries to the nearestdollarif
necessary .
2012 Jan 1 purchased a building for $84000 cash $400 residual value20-year expected life. Double %u2013declining balance depreciation.

May 1 purchased equipment for $2500 cash $3000 residual value 10-year expected life straight- line depreciation.

DEC 31 recorded depreciation on the building

Dec 31 recorded depreciation on the equipment.

2013 June 30 SOLD THE EQUIPMENT FOR $ 21000 cash.(record depreciation to date for 2013 before selling equipment)

Dec 31 recorded depreciation on the building.