Question: Chapter 10 Assignment ] C Question 3 of 6 > > -/1 = : Ayayai SA exchanged equipment used in its manufacturing operations plus

Chapter 10 Assignment ] C Question 3 of 6 > > -/1

Chapter 10 Assignment ] C Question 3 of 6 > > -/1 = : Ayayai SA exchanged equipment used in its manufacturing operations plus R$ 1,920 in cash for similar equipment used in the operations of Pina Co. The following information pertains to the exchange. Ayayai SA. Pina Co. Equipment (cost) R$26,880 R$26,880 Accumulated depreciation 18,240 9,600 Fair value of equipment 12,960 14,880 Cash given up 1,920 L Kelau (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Include in your journal entry A TI SUPPORT A ENG 8:58 PM 12/3/2023

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