f Homework Assignment - Chapter 10 Question 7 of 7

Homework Assignment - Chapter I O Question 7 of 7 View Policies Show Attempt H istory Current Attempt in Progress Your answer is partially correct 1 .83 /2 Buffalo Corporation traded a used truck (cost $24,400, accumulated depreciation $21,960) for a small computer with a fair value of $4,026. Buffalo also paid 3610 in the transaction. Prepare the journal entry to record the exchange, assuming the exchange lacks commercial substance. (Credit account titks are when amount is not indent rnanually. If no entry is required, select NO Entry for tt account titles and enter O for the arnounts.) Account Titles and Explanation Accumulated Depreciation-Trucks Computers eTextbookand Media List of Accounts Seve for Leter Last saved 5 days ago. Saved work will be auto-submitted on the due date. Auto- submission can take upto 10 minutes. Debit 21.963 Credit 24.400 Attempts: I of 3 used Q] brnit Answer