Question: Correct the red colors Brief Exercise 10-8 Your answer is partially correct. Try again. Sweet Corporation traded a used truck (cost $26,800, accumulated depreciation $24,120)

Correct the red colors  Correct the red colors Brief Exercise 10-8 Your answer is partiallycorrect. Try again. Sweet Corporation traded a used truck (cost $26,800, accumulateddepreciation $24,120) for a small computer with a fair value of $4,422.

Brief Exercise 10-8 Your answer is partially correct. Try again. Sweet Corporation traded a used truck (cost $26,800, accumulated depreciation $24,120) for a small computer with a fair value of $4,422. Sweet also paid $670 in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) is and enter for the Account Titles and Explanation Debit Credit Common Stock 4422 Accumulated Depreciation-Trucks 24120 Trucks 26800 670 Cash Gain on Disposal of Trucks 1072

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