On July 6, Telly Corp. trades new machinery with a fair value of $44,800 and also...
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On July 6, Telly Corp. trades new machinery with a fair value of $44,800 and also receiving $7,300 in cash. Assume the transaction lacks a truck costing $83,000 and having accumulated depreciation of $35,400 for commercial substance. Record the July 6 nonmonetary exchange entry. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit On July 6, Telly Corp. trades new machinery with a fair value of $44,800 and also receiving $7,300 in cash. Assume the transaction lacks a truck costing $83,000 and having accumulated depreciation of $35,400 for commercial substance. Record the July 6 nonmonetary exchange entry. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit
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In The Books of Telly Corp Date Account Debit Credit Jul0... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Posted Date:
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