Question: ADMS 2500 Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 4th. Johanna transfers

ADMS 2500

Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 4th. Johanna transfers the tea equipment of her property to the company she has recently created to provide tea services. The equipment has a fair market value of $7,500 and is estimated to last for 5 years and then, if not broken, can be sold for $1,500.

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