Either that its more tasty or more healthy, or maybe even buy one get one free or half off
        
             
        
        
        
Answer:
Explanation:
We summarize the assets and liabilities in the classified balance sheet into various types Like assets are divided into fixed assets, current assets, and intangible assets.
Liabilities are likewise divided into current liabilities, long-term liabilities The accounting equation is used in any balance sheet which means 
Total assets = Total liabilities + shareholder equity
So, the accounts which are appeared on the balance sheet are shown below:
 1. Accounts Payable = Current liabilities 
 2. Accounts Receivable = Current assets
 3. Andrew King, Capital = Stockholder equity
4. Cash = Current assets
5. Land = Fixed assets 
6. Supplies = Current assets
7. Wages Payable  = Current liabilities 
All other are related to the income statement. Therefore, ignored it
 
        
             
        
        
        
Answer:
equipment    3,700
Explanation:
First we calcualte the values of the machine given up:
<u>traded-out assets</u>
purchased  23000
depreciation	<u>20,000 </u>
book value   3,000
fair value   5,000
gain on disposal   2,000
This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.
Value given up forthe new equipment:
cash                   700
traded-out        <u>5,000 </u>
total value         5,700
We subtract the deffered gain on disposal to get the accounting value for the new equipment:
deferred gain       (2,000)
accounting value	3,700
The machine will enter the accounting with 3,700
journal entry
equipment    3,700
acc del        20,000
    equipment            23,000
   cash                             700