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Current Attempt in Progress Bridgeport Corporation traded a used truck (cost $25,600, accumulated depreciation $23,040) for a small computer with a fair value of $4,224.
Current Attempt in Progress Bridgeport Corporation traded a used truck (cost $25,600, accumulated depreciation $23,040) for a small computer with a fair value of $4,224. Bridgeport also paid $640 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 e Account Titles and Explanation Debit Credit
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