Business, 06.12.2019 22:31 obalzano6817

Kerry, inc., exchanged land and cash of $8,900 for equipment. the land had a book value of $64,000 and a fair value of $69,900.

required:
prepare the journal entry to record the exchange. assume the exchange has commercial substance. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

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Kerry, inc., exchanged land and cash of $8,900 for equipment. the land had a book value of $64,000 a...

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