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What will be the journal entries for the given information

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Question - Invested in 5,000 shares of another entity at P100 per share. Subsequently, Susan Company exchanged the 5,000 shares for delivery equipment.

At the time of exchange, the share is quoted at 120 and the equipment has a list price of P680,000. Motor vehicle registration has paid in the amount of P3,000.

Required - What will be the journal entries for the given information?

Reference no: EM132639178

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