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Exercise 10-19 (Part Level Submission) Sandhill Company exchanged equipment used in its manufacturing operations plus $3,720 in cash for similar equipment used in the operations
Exercise 10-19 (Part Level Submission) Sandhill Company exchanged equipment used in its manufacturing operations plus $3,720 in cash for similar equipment used in the operations of Teal Company. The following information pertains to the exchange. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Sandhill co $34,720 23,560 15,500 3,720 Teal Co $34,720 12,400 19,220 (b) required, select Account Titles and Explanation Sandhill Company Accumulated Depreciation-Equipn Your answer is partially correct. Try again. Prepare the ourr at entriestore ord rheet changeant iedented when companiis ensure that not inden tmanually. If no entr is No Entry for the account titles and enter o for the amounts the exchange has commercial Debit Credit Version 4.24.4.5
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