Solution-Make the journal entry to record the exchange

Make the journal entry to record the exchange

Reference no: EM132448648

Question - Pharoah Company traded a used welding machine (cost $10,260, accumulated depreciation $3,420) for office equipment with an estimated fair value of $5,700. Pharoah also paid $3,420 cash in the transaction.

Make the journal entry to record the exchange.

Reference no: EM132448648

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Make the journal entry to record the exchange

Reference no: EM132448648

Reference no: EM132448648

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