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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. (a) Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Bonita, Inc. and Windsor, Inc. in accordance with generally accepted accounting principles. (Round answers to 0 decimal places, e.g. 5,275. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titiles and enter 0 for the amounts. List all debit entries before credit entries.) eTextbook and Media
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