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Exercise 277 a-b Bell Company and Kene Company exchanged trucks on January 1, 2021. Bell's truck cost $140,000, had accumulated depreciation of $115,000, and has
Exercise 277 a-b Bell Company and Kene Company exchanged trucks on January 1, 2021. Bell's truck cost $140,000, had accumulated depreciation of $115,000, and has a fair value of $15,000. Kene's truck cost $105,000, had accumulated depreciation of $90,000, and has a fair value of $15,000. Journalize the exchange for Bell Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Journalize the exchange for Kene Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work
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