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as fast as possible EXCEL Ch. 10 Marley Manufacturing is expanding its operations and acquiring three new machines. All three acquisitions are made on April
as fast as possible
EXCEL Ch. 10 Marley Manufacturing is expanding its operations and acquiring three new machines. All three acquisitions are made on April 1, 2020. The terms of acquisition for each machine are described below. 1. Machine #1 List price 15,000 13,900 Cash acquisition cost 2. Machine #2 Acquisition cost Cash down payment Face amount of zero-interest bearing note assumed Note due date Normal interest rate for this borrowing 3. Machine #3 Number of common stock shares in Marley Manufacturing issued Par value of common stock per share Market value of common stock per share 2,000 14,000 April 1, 2022 10% $ $ 3,000 0.75 4.00 Instructions: Prepare the appropriate journal entries for the above transactions for Marley Manufacturing. FOLLOW DIRECTIONS posted in Blackboard. Debit Credit 1 2 3Step by Step Solution
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