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Blossom Corporation traded a used truck for a new truck. The used truck cost $29,000 and has accumulated depreciation of $24,650. The new truck is

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Blossom Corporation traded a used truck for a new truck. The used truck cost $29,000 and has accumulated depreciation of $24,650. The new truck is worth $50,750. Blossom also made a cash payment of $47,850. Prepare Blossom's entry to record the exchange. (The exchange has commercial substance.) (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Of for the amounts. List all debit entries before credit entries)

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