### Journalize the exchange for hamilton company

Assignment Help Accounting Basics
##### Reference no: EM13142079

Delmar Company and Hamilton Company exchanged forklifts on january 1, 2011. Delmar's forklift cost \$33,600, had accumulated depreciation of \$27,600, and has a fair market value of \$3,600. Hamilton's forklift cost \$25,200, had accumulated depreciation of \$21,600, and has a fair market value of \$3,600.

Instructions:

a- journalize the exchange for Delmar Company.

b- journalize the exchange for Hamilton Company.

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