subject
Business, 12.05.2020 16:57 AshantiLiz990

Carla Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. Carla Corporation gave the machine plus $422 to Sarasota Business Machine Company (dealer) in exchange for a new machine. Assume the following information about the machines.

Carla Corp. (Old Machine) Saratosa Co. (New Machine)
Machine cost $708 $660
Accumulated depreciation 342 0
Fair value 207 1,038

For each company, prepare the necessary journal entry to record the exchange.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 00:30
Refers to the way we conduct ourselves
Answers: 2
question
Business, 22.06.2019 01:00
Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:
Answers: 3
question
Business, 22.06.2019 04:10
What is the difference between secure bonds and naked bonds?
Answers: 1
question
Business, 22.06.2019 22:50
Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.
Answers: 1
You know the right answer?
Carla Corporation, which manufactures shoes, hired a recent college graduate to work in its accounti...
Questions
question
Mathematics, 07.11.2021 14:00
question
Mathematics, 07.11.2021 14:00
question
English, 07.11.2021 14:00
Questions on the website: 13722361