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    ndn_jess's Avatar
    ndn_jess Posts: 1, Reputation: 1
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    #1

    Oct 3, 2012, 06:56 PM
    Accounting Journal posting
    Acquired land in exchange for field equipment having a cost of 8000? What journal do I need to post this in?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Oct 3, 2012, 11:48 PM
    Make a general journal entry debiting land and crediting equipment, you may also have to deal with accumulated depreciation
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