Solved: Cullumber also paid 3660 cash in the transaction prepare, Accounting Basics

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Cullumber also paid 3660 cash in the transaction prepare

Question - Cullumber Company traded a used welding machine (cost $10,980, accumulated depreciation $3,660) for office equipment with an estimated fair value of $6,100. Cullumber also paid $3,660 cash in the transaction.

Prepare the journal entry to record the exchange.

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Accounting Basics: Cullumber also paid 3660 cash in the transaction prepare

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Accounting Basics: Cullumber also paid 3660 cash in the transaction prepare

Reference No:- TGS02493159

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