Question: Current Attempt in Progress Your answer is partially correct. Whispering Corporation traded a used truck (cost $24,400, accumulated depreciation $21,960) for a small computer
Current Attempt in Progress Your answer is partially correct. Whispering Corporation traded a used truck (cost $24,400, accumulated depreciation $21,960) for a small computer with a fair value of $4,026. Whispering also paid $610 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. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Accumulated Depreciation-Trucks Trucks Cash Gain on Disposal of Trucks
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