Question: View Policies Show Attempt History Current Attempt in Progress Riverbed Company exchanged equipment used in its manufacturing operations plus $4.500 in cash for similar equipment


View Policies Show Attempt History Current Attempt in Progress Riverbed Company exchanged equipment used in its manufacturing operations plus $4.500 in cash for similar equipment used in the operations of Marin Company. The following information plertains to the exchange, Riverbed Co. Marin Co Equipment font $42.000 $42.000 Accumulated depreciation 28,500 15.000 Fair value of equipment 18.750 23.250 Cash given up 4,500 (a) Your wer is partly correct Account Titles and Explanation Debit Credit Riverbed Company Equipment 18000 Accumulated Depreciation Equipment 28500 Lenson Disposal of Equipment 62000 500 Cash Marin.Commany Esimet 5750 15000 Acumulated Depreciation Comment Casti 4500 Loss on Disposto 3750 2000 Egun MacBook Air Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange for commercial substance (edit countries are automatically indented when amount is entered. Do not Indent manually. If no entry required, select "No Entry for the account title and enter for the amounts) Debit Credit Account Titles and explanation Riverbed Comaan Marin Company MacBook Al
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