Entry by cheng for the receipts of the properties

Assignment Help Accounting Basics

Reference no: EM13155704

Cheng company has recently decided to accept a proposal fro the city of bel aire that publicly owned property with a large warehouse located on it will be donated to cheng if cheng will build a branch plant in bel aire. The appraised value of the property is 490,000 and of the warehouse is 980000. Prepare the entry by cheng for the receipts of the properties.

Reference no: EM13155704

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Entry by cheng for the receipts of the properties : The appraised value of the property is 490,000 and of the warehouse is 980000. Prepare the entry by cheng for the receipts of the properties.

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