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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 $original costDuring the current year, Shamrock Construction Ltd traded an old crane that had a book value of $original cost
$ less accumulated depreciation $ for a new crane from Bridgeport Manufacturing Inc. The new crane cost Bridgeport
$ 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 for the amounts. List all debit entries before credit entries.
eTextbook and Media
Assuming the same facts as those in b except that the fair value of the old crane is $ and the cash paid $
prepare the journal entries on the books of Shamrock Construction and 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 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
$ less accumulated depreciation $ for a new crane from Bridgeport Manufacturing Inc. The new crane cost Bridgeport
$ to manufacture and is classified as inventory. The following information is also available.
Shamrock Const.
Bridgeport Mfg Inc.
Fair value of old crane
$
Fair value of new crane
$
Cash paid
Cash received
Assuming the same facts as those in b except that the fair value of the old crane is $ and the cash paid $
prepare the journal entries on the books of Shamrock Construction and 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 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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