Maltese is a private company. On September 3, Maltese exchanged 2,000 shares of his private equity capital

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Maltese is a private company. On September 3, Maltese exchanged 2,000 shares of his private equity capital for teams. There is no readily available estimate of the fair value of the shares. The equipment currently sells for $80,000.

Record the journal entry to record this transaction

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Modern Advanced Accounting in Canada

ISBN: 978-1259087554

7th edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Apr 17, 2023 02:20 AM

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Maltese is a private company. On September 3, Maltese exchanged 2,000 shares of his private equity capital

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The journal entry to record the transaction would be Account ... View the full answer

Modern Advanced Accounting in Canada

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