Intermediate Accounting: P10-7 The Bremer Company made the following

Intermediate Accounting
P10-7 Assets Acquired by Exchange
The Bremer Company made the following 2,000 exchange of assets during 2010:
1. Acquired a more advanced machine worth $10,000 by paying $2,000 cash and giving up a machine that had originally cost $40,000 and has a book value of $12,000.
2. Acquired a building worth $55,000 by paying $5,000 cash giving up a piece of land that had originally cost $35,000
3. Acquired a more advanced machine worth 20,000 by paying 5000 cash and giving up a machine that had originally cost 13,000 and has a book value of 11000
4. Acquired a car by giving up a truck had originally cost 20,000 has a book value of 15000 and has BLUE book value of 16800 in addition the company received 1000 cash

Required:
Prepare the journal entries of the Bremer Company for each exchange.
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