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HELP Freedom Bank recently traded in office fixtures. Here are the lacts: B (Click the icon to view the facts.) Read the requirements Market value
HELP Freedom Bank recently traded in office fixtures. Here are the lacts: B (Click the icon to view the facts.) Read the requirements Market value of assets received $ 128,000 Less: Book value of asset exchanged $ 22,000 106,000 128,000 Cash paid $ 0 Gain or (Loss) Journalize Freedom Bank's exchange of fixtures. (Record a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer 2 parts remaining Clear All Check Answer A (9) Aa esc G Search Less: Book value of asset exchanged 22,000 Cash paid 106,000 128,000 Gain or (Loss) $ 0 Journalize Freedom Bank's exchange of fixtures. (Record a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Debit Credit 128,000 Accounts and Explanation Fixtures (new) Accumulated Depreciation Fixtures Fixtures (old) Cash 106,000 Choose from any list or enter any number in the input fields and then click Check Answer ? 2 parts remaining Clear All Check
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