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amarisk Company purchased an electric wax melter on April30,2025, by trading in its old gas model and paying the balance in ash. The following data

image text in transcribed amarisk Company purchased an electric wax melter on April30,2025, by trading in its old gas model and paying the balance in ash. The following data relate to the purchase. repare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) acks commercial substance. Tamarisk's fiscal year ends on December 31 and depreciation has been recorded through December 1, 2024. (Credit account bites are automatically indented when amount is entered. Do not indent manually, If no entry is reduired, selec No Entry" for the account tites and enter 0 for the amounts. List all debit entries before credit entries.) amarisk Company purchased an electric wax melter on April30,2025, by trading in its old gas model and paying the balance in ash. The following data relate to the purchase. repare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) acks commercial substance. Tamarisk's fiscal year ends on December 31 and depreciation has been recorded through December 1, 2024. (Credit account bites are automatically indented when amount is entered. Do not indent manually, If no entry is reduired, selec No Entry" for the account tites and enter 0 for the amounts. List all debit entries before credit entries.)

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