Question: f Homework Assignment - Chapter 10 Question 6 of 7 1.33/2 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially

 f Homework Assignment - Chapter 10 Question 6 of 7 1.33/2

f Homework Assignment - Chapter 10 Question 6 of 7 1.33/2 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Martinez Corporation traded a used truck (cost $24,400, accumulated depreciation $21.960) for a small computer with a fair value of $4.026. Martinez 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 for the amounts.) Account Titles and Explanation Debit Credit Equipment 3.960 Accumulated Depreciation-Trucks 21,600 Trucks 24,000 Gainon Disposal of Trucks 960 Cash 600 e Textbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit

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