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Question: plaza company exchanged a used machine with a book value...

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Plaza Company exchanged a used machine with a book value o 25 200 cost S53 700 less $28,500 accumulated deprec ation and cash of S 200 or a dell ery c·The machine s estimated market value of S35,900. The cash flows related to the truck will be different from the cash flows generated from the use of the machine. Requirement Prepare the journal entry to record the exchange on the books of the Plaza Company. (Record debits first, then credits. Exclude explanations from any joumal entries.) ) ha ea ar Account Date of the Exchange

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