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On August 1, Bonita, Inc. exchanged productive assets with Windsor, Inc. Bonita's asset is referred to below as Asset A, and Windsor' is referred to
On August 1, Bonita, Inc. exchanged productive assets with Windsor, Inc. Bonita's asset is referred to below as "Asset A," and Windsor' is referred to as "Asset B." The following facts pertain to these assets. Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Bonita, Inc. and Windsor, Inc. in accordance with generally accepted accounting principles. (Do not round intermediate calculations. Round final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is
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