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Please note thast there are 5 accounts for each of the to record exchange of machine and not 4. Thank you in advance. Splish Brothers

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Please note thast there are 5 accounts for each of the to record exchange of machine and not 4. Thank you in advance.

Splish Brothers Inc. purchased a commarcial grad soft-serve ice cream machinz on Septamber 30, 2017. Splish Brothars tradad in its existing machine and paid eash in the transaction. The detzils af the transaction ars as follows: Prepare the journal antries necessary to rocord this evchange, assuming that the exchange (a) has commercial substance, and (b) lacks cormarcial substance. Splish Brothers's fiscal year ands an Decamber 31, and Splish Brothers recorded dapreciation on the old machina through Septamber

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