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Ch10 HW Question 13 of 13 > View Policies -12 Current Attempt in Progress Carla Company exchanged equipment used in its manufacturing operations plus
Ch10 HW Question 13 of 13 > View Policies -12 Current Attempt in Progress Carla Company exchanged equipment used in its manufacturing operations plus $3,780 in cash for similar equipment used in the operations of Sarasota Company. The following information pertains to the exchange Carla Co Sarasota Co. Equipment (cost! $33,280 $35,280 Accumulated depreciation 23,940 12,500 Fair vakafamad 15,750 19,530 C 3,780 Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Carla Company: Account Titles and Donation Debit Credit Sarasola Company: eTextbook and Media List of Accounts Prothejel weird the geof of companies. Assume that (froachwanger foes commencal substance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Carla Comp Sarasota Company eTextbook and Media List of Accounts Safor La Attempts: 0 of 15 used S
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