On September 12, Olympia Construction trades a truck with a historical cost of $24,000 and a fair market value of $18,000 for a cement cuter. The cement cutter belonged to Chi Brothers Construction and had a historical cost of $22,000 and a fair market value of $18,000.

a). Record the transaction for Olympia Construction in General Journal

b). Record the transaction for Chi Brothers Construction in General Journal

Answer rating: 100% (QA)

On September 12 Olympia Constructi... View the full answer