Business, 26.12.2020 16:30 ceceshelby2635

On August 1, Suba Company purchased computer equipment for $10,000 cash and also gave 100 shares of XYZ common stock that Suba Company held as an investment. The XYZ common stock cost Suba Company $5,000 and on August 1 had a fair value of $4,200. The installation costs for the computer equipment were $700 and shipping costs were $500. What amount should be the total amount debited to the computer equipment account

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On August 1, Suba Company purchased computer equipment for $10,000 cash and also gave 100 shares of...

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