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use the information below for the following four questions: Mushi co and zeeke co traded the below equipment Zeeke co. gave its machine for an

use the information below for the following four questions:

Mushi co and zeeke co traded the below equipment

image text in transcribed

Zeeke co. gave its machine for an agreed upon price $278,000 and received $32,000 cash in the exchange if the exchange. If the exchange does not change future cash flows or either company, the entry on Mushi's books (show calculation)

image text in transcribedif the exchange does not change future cash flows of either company, the entry on Zeeke's books (show calculation)

image text in transcribed

if the exchange changes future cash flows of both companies, the entry on Mushi's books (show calculation)

image text in transcribedif the exchange changes future cash flows of both companies, the entry for Zeeke's books (show calculation)

image text in transcribed

Mushi co Zeeke co Equipment (original cost) $450,000 $825,000 Accumulated depreciation 345,000 615,000 1 Account title debit credit Account title debit credit Account title debit credit

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