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.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:30, u8p4

The digby's workforce complement will grow by 20% (rounded to the nearest person) next year. ignoring downsizing from automating, what would their total recruiting cost be? assume digby spends the same amount extra above the $1,000 recruiting base as they did last year. select: 1 $2,840,000 $3,408,000 $570,000 $475,000

Answers: 1

continue

Business, 21.06.2019 19:20, justintisdale95

Which of the following areas provides residents with close access to high-paying jobs and cultural attractions? a. the suburbs b. exurbs c. rural areas d. the city 2b2t

Answers: 3

continue

Business, 22.06.2019 07:30, natebarr17

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Answers: 3

continue

Business, 22.06.2019 18:00, theflash077

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less

Answers: 1

continue

You know the right answer?

Carla Corporation, which manufactures shoes, hired a recent college graduate to work in its accounti...