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Please help ASAP! part 2 necessary! thanks Skysong Company exchanged equipment used in its manufacturing operations plus $3,360 in cash for similar equipment used in
Please help ASAP! part 2 necessary! thanks Skysong Company exchanged equipment used in its manufacturing operations plus $3,360 in cash for similar equipment used in the operations of Concord Company. The following information pertains to the exchange. (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries.) Question 15 of 15 12 : Concord Company: eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of thisquestion must be completed in order. This part will be aval able whien you complete the part above
Please help ASAP! part 2 necessary! thanks
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