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Which of the following line items will NOT be included in the journal entry to record an
exchange of equipment for land without substance? Assume no cash was involved in the
exchange. (A 25)
Group of answer choices
a debit to land
A credit to gain on exchange
A credit to equipment
A debit to accumulated depreciation

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Which of the following line items will NOT be included in the journal.pdf

  • 1. Which of the following line items will NOT be included in the journal entry to record an exchange of equipment for land without substance? Assume no cash was involved in the exchange. (A 25) Group of answer choices a debit to land A credit to gain on exchange A credit to equipment A debit to accumulated depreciation