Whispering Company traded a used welding machine (cost $11,340, accumulated depreciation $3,780) for office equipment with an estimated fair value of $6,300. Whispering also paid $3,780 cash in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.) g

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery