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Just answer the wrong one thank you During the current year, Shamrock Construction Ltd . traded an old crane that had a book value of

Just answer the wrong one thank you During the current year, Shamrock Construction Ltd. traded an old crane that had a book value of $106,200(original costDuring the current year, Shamrock Construction Ltd. traded an old crane that had a book value of $106,200(original cost
$165,200 less accumulated depreciation $59,000) for a new crane from Bridgeport Manufacturing Inc. The new crane cost Bridgeport
$194,700 to manufacture and is classified as inventory. The following information is also available.
(To record cost of inventory)
Assuming that this exchange lacks commercial substance for Shamrock, prepare the journal entries on the books of Shamrock
Construction. (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 0 for the amounts. List all debit entries before credit entries.)
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Assuming the same facts as those in (b), except that the fair value of the old crane is $114,460 and the cash paid $121,540,
prepare the journal entries on the books of (1) Shamrock Construction and (2) Bridgeport Manufacturing. (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 0 for the amounts. List all debit entries before credit entries.)
(To record exchange of inventory)
Cost of Goods Sold
Inventory
(To record cost of inventory)
$165,200 less accumulated depreciation $59,000) for a new crane from Bridgeport Manufacturing Inc. The new crane cost Bridgeport
$194,700 to manufacture and is classified as inventory. The following information is also available.
Shamrock Const.
Bridgeport Mfg. Inc.
Fair value of old crane
$96,760
Fair value of new crane
$236,000
Cash paid
139,240
Cash received
139,240
Assuming the same facts as those in (b), except that the fair value of the old crane is $114,460 and the cash paid $121,540,
prepare the journal entries on the books of (1) Shamrock Construction and (2) Bridgeport Manufacturing. (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 0 for the amounts. List all debit entries before credit entries.)
No. Account Titles and Explanation
Shamrock Construction Ltd.
Equipment
Accumulated Depreciation - Equipment
Gain on Disposal of Equipment
Bridgeport Manufacturing Inc.
(To record exchange of inventory)
(To record cost of inventory) Please answer the last question answer. There are only four entries. If you dont know, please dont waste our time by answering.
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