Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 31 Jul 2017 My Price 7.00

Bremer Company

The Bremer Company made the following exchanges of assets during 2007:
1. Acquired a more advanced machine worth $10,000 by paying $2,000 cash and giving a machine that had originally cost $40,000 and has a book value of $12,000.
2. Acquired a building worth $55,000 by paying $5,000 cash and giving a piece of land that had originally cost $35,000.
3. Acquired a more advanced machine worth $20,000 by paying $5,000 cash and giving a machine that had originally cost $13,000 and has a book value of $11,000.
4. Acquired a car by giving a truck that had originally cost $20,000, has a book value of $15,000, and has a ?oblue book?? value of $16,800. In addition the company received $1,000 cash.

Required
Prepare the journal entry of the Bremer Company for each exchange.

Answers

Maurice Tutor
(5)
Status NEW Posted 31 Jul 2017 09:07 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

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