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Bramble Company traded a used truck for a new truck. The used truck cost $42,000 and has accumulated depreciation of $37,800. The new truck is

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Bramble Company traded a used truck for a new truck. The used truck cost $42,000 and has accumulated depreciation of $37,800. The new truck is worth $51,800. Bramble also made a cash payment of $50,400. Prepare Bramble's entry to record the exchange. (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 of for the amounts. List all debit entries before credit entries.) Bramble Company traded a used truck for a new truck. The used truck cost $42,000 and has accumulated depreciation of $37,800. The new truck is worth $51,800. Bramble also made a cash payment of $50,400. Prepare Bramble's entry to record the exchange. (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 of for the amounts. List all debit entries before credit entries.)

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