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Baran Conwy wschanging a special machine for an omlar machine from Wine, inc. Gowo equipment originally com 6900,000 bd noo nocum/wed depreciation of $106.000. Was
Baran Conwy wschanging a special machine for an omlar machine from Wine, inc. Gowo equipment originally com 6900,000 bd noo nocum/wed depreciation of $106.000. Was machine cost $200.000 and has a book nu 160.000. Noch will be changed because the fole value of the 100.000. Wachomwwwxpects her cash fow will come for a change Required: Prepare the journal entry for each com eneral Journal GENERAL JOURNAL DEBIT CREDIT POST. REF ACCOUNT TITLE DATE 160,000.00 1 Machine 125,000.00 2 accumulated depreciation loss on exchange of machine 15,000.00 3 300,000.00 Machine X General Journal Prepare the journal entry for Wilhelm, Inc. on December 31 PAGE 10 GENERAL NOURNAL DATE ACCOUNT TITLE POST. REF DEBIT CREDIT 1 160,000.00 Machine-new accumulated depreciation 2 100,000.00 3 250,000.00 250,000.00
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