a Carla Corporation traded a used truck (cost $21,200, accumulated depreciation $19,080) for a small computer with a fair value of $3,498. Carla also paid $530 in the transaction. Prepare the journal entry to record the exchange, assuming the exchange lacks 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.) Account Titles and Explanation Debit Credit Computers 3498 Trucks 21200 Cash 530 Gain on Disposal of Trucks 848 Windsor Corporation owns machinery that cost $26,000 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $3,120 per year, resulting in a balance in accumulated depreciation of $10,920 at December 31, 2020. The machinery is sold on September 1, 2021, for $6,760. Prepare journal entries to (a) update depreciation for 2021 and (b) record the sale. (Round answers to 0 decimal places, e.g. 5,275. 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.) No. Account Titles and Explanation Debit Credit (a) Depreciation Expense 2080 Accumulated Depreciation Machinery 2080 (b) Cash 6760 Accumulated Depreciation-Machinery Loss on Disposal of Machinery Machinery 26000