Prepare the journal entry to record the exchange.

Prepare the journal entry to record the exchange.

On
January 1, 2011, Sandy’s Office Store acquired a new color copier in exchange
for an old color copier. The old printer had a cost of $20,000 and accumulated
depreciation of $13,000. Sandy’s Office Store also paid out $22,000 in cash.
Prepare the journal entry to record the exchange.


Price: £ 45

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