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276 Dolan Company Exchanges Equipment with Eaton Company and Pawnee Company

Question 176

Essay

276
Dolan Company exchanges equipment with Eaton Company and Pawnee Company exchanges equipment with Fiero Company. The following information pertains to the exchanges:
Instructions
Prepare the journal entries to record the exchanges on the books of Dolan Company and Pawnee Company. The transaction has commercial substance.

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