13 Required information [The following information applies to the questions displayed below) Part 2 of...
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13 Required information [The following information applies to the questions displayed below) Part 2 of 2 Salad Express exchanged land it had been holding for future plant expansion for a more suitable parcel of land along distribution routes. Salad Express reported the old land on the previously issued balance sheet at its original cost of $80,000. According to an independent appraisal, the old land currently is worth $152,000. Salad Express paid $24,000 in cash to complete the transaction. 2.5 points ellos 2. Record the exchange. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) G View transaction list References Journal entry worksheet 1 > Record the exchange of land. Note: Enter debit before credits Transaction General Journal bebit Credit 1
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