Instructions Bremer Company made the following exchanges of assets during 2019: Jan. 1 Acquired a more advanced machine worth $10,000 by paying $2,000 cash and giving up a machine that had originally cost $40,000 and has a book value of $12,000. General Journal Prepare Bremer's journal entry for each exchange. Assume all exchanges were determined to have commercial substance. Unless otherwise indicated, assume the company makes all payments in cash. Feb. 1 Acquired a building worth $55,000 by paying $5,000 cash and giving up a piece of land that had originally cost $35,000. Mar. 1 Acquired a more advanced machine worth $20,000 by paying $5,000 cash and giving up a machine that had originally cost $13,000 and has a book value of $11,000. Apr. 1 Acquired a car by giving up a truck that had originally cost $20,000, has a book value of $15,000, and has a "blue book value of $16,800. In addition, the company received $1,000 cash. General Journal Instructions 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 GENERAL JOURNAL DATE ACCOUNT TITLE PAGE 20 POST. REF. DEBIT CREDIT