Question: its short pls do asap and please do not forget the account explanation the To record 1234 Task 1.2: On September 12, Olympia Construction trades

its short pls do asap and please do not forget the account explanation the "To record 1234"

its short pls do asap and please do not forget the accountexplanation the "To record 1234" Task 1.2: On September 12, Olympia Constructiontrades a truck with the historical cost of $24 000 and a

Task 1.2: On September 12, Olympia Construction trades a truck with the historical cost of $24 000 and a fair market value of $18 000 for a cement cutter. The cement cutter belonged to Chi Brothers Construction and had a historical cost of $22 000 and a fair market value of $18 000. Record the transaction for Olympia Construction. Record the transaction for Chi Brothers Construction. Task 1.3: On July 25, Ahmed Lecaj bought land for his business. The land cost $60 000. To ready the land for use, Ahmed had to pay for landscaping, $40 000; drainage and sewers, $30 000; inspection, $5 000; real estate commission, $10 000; and legal fees, $500. Record the purchase of the land. Chart of Accounts Cash Land Equipment Equipment - Cement Cutter Building Truck Accounts Payable Loss on Disposal of Truck Loss on Disposal of Cement Cutter

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