Jay's Delivery Company and Astro's Express Delivery exchanged delivery trucks on January 1, 2014. Jay's truck cost $22,000. It has accumulated depreciation of $16,000 and a fair value of $4,000. Astro's truck cost $10,000. It has accumulated depreciation of $7,000 and a fair value of $4,000. The transaction has commercial substance.

Instructions
(a) Journalize the exchange for Jay's Delivery Company.
(b) Journalize the exchange for Astro's Express Delivery.