Question 21 Of 21 2 View Policies Current Attempt In Progress Concord S Delivery Company And Riverbed S Expre 1 (519.4 KiB) Viewed 13 times
Question 21 Of 21 2 View Policies Current Attempt In Progress Concord S Delivery Company And Riverbed S Expre 2 (492.35 KiB) Viewed 13 times
Question 21 of 21 -- / 2 = = : View Policies Current Attempt in Progress Concord's Delivery Company and Riverbed's Express Delivery exchanged delivery trucks on January 1, 2022. Concord's truck cost $22,500. It has accumulated depreciation of $15,000 and a fair value of $3,300. Riverbed's truck cost $10,000. It has accumulated depreciation of $8,000 and a fair value of $3,300. The transaction has commercial substance. (a) Journalize the exchange for Concord's Delivery Company. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Include in your journal entry separate account entries for both the new and old equipment.) Account Titles and Explanation Debit Credit
(b) Journalize the exchange for Riverbed's Express Delivery. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Include in your journal entry separate account entries for both the new and old equipment.) Account Titles and Explanation Debit Credit هما eTextbook and Media List of Accounts
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