Record the journal entry on september nine, Financial Accounting

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Record the journal entry on september nine

Problem

Alpha traded an old printing press (Machinery account) for a custom-made, one of a kind off-road vehicle that had an unknown fair market value. The Machinery had a cost of $125,000 and accumulated depreciation of $87,000. As part of the exchange, Alpha also paid $5,000 cash,

Record the journal entry on September 9, 2019.

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Financial Accounting: Record the journal entry on september nine

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