Posted on by Judy

Following List Assets Liabilities Submarine Company Complete Journal Entry Record Asset Ac Q17782740

The following is the list of assets and liabilities of SubmarineCompany:
Complete the Journal entry to record the asset acquisition

Book Value

Fair Value

AR
1,400,000

1,350,000

Inventory
500,000

600,000

Plant & Equipment
750,000

1,900,000

AP
100,000

150,000

Mortgage Payable
200,000

200,000

 
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