Blossom Corporation traded a used truck $($cost $$29,200,$ accumulated depreciation $$26,280)$ for a small computer with a fair value of

$$4,818.$ Blossom also paid $$730$ 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. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Equipment

Accumulated Depreciation $-$ Trucks

trucks