41 . Pearl Corporation traded a used truck (cost $24,400, accumulated depreciation $21,960) for a small computer with a fair value of $4,026. Pearl 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 0 for the amounts.)

Question 41 of 43 -/3 lii Current Attempt in Progress Pearl Corporation traded a used truck (cost $24,400, accumulated depreciation $21,960) for a small computer with a fair value of $4,026. Pearl 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 0 for the amounts.) Account Titles and Explanation Debit Credit Accumulated Depreciation-Equipment Gain on Disposal of Trucks Gain on Disposal of Machinery gain on dis Cash 610