Capital Asset Exchange Incomplete Data Co. owned equipment with a $45,000 cost that had $35,000 accumulated depreciation as of March 6, 2011. On the same day, Incomplete Data Co exchanged the equipment for furniture with a reliable fair value of $18,976. Incomplete Data Co. was required to pay an additional $7,000 cash. Prepare a journal entry to record the exchange of assets. READ: The account names have not been indented on purpose. Select the account name to be included in the journal entry, choose whether that account is debited or credited, and finish by entering the amount Debits still need to come before credits. There could be spaces for an account that are unnecessary meaning the Journal entry needs only four accounts or three accounts if an account blank is not needed, select "No Entry for the Account Name blank(s), select "No Entry for the Debitor Credit blank(s) and enter "o" (a zera with no quotes) in the Amount column. For example, if you only need three accounts in the journal entry, the last two Account Title blanks will have "No Entry as an account name and in the Amounts column Date Account Tities and Explanation Debitor Credit Amount Next page