Blue Corporation traded a used truck $($cost $$28,800,$ accumulated depreciation $$25,920)$ for a small computer with a fair value of $$4,752.$ Blue also paid $$720$ 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 O for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit