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7 On November 3, 2020, Gomez 2 Go Media exchanged an old computer for a new computer that had a list price of $199,000. The

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7 On November 3, 2020, Gomez 2 Go Media exchanged an old computer for a new computer that had a list price of $199,000. The original cost of the old computer was $158,000 and related accumulated depreciation was $69,000 up to the date of the change Gamez 2 Go Media received a trade-in allowance of $104,000 and paid the balance in cash Required: a. Record the exchange assuming the fair values are unknown 6 points 8.00 View transaction list Journal entry worksheet

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