Current Attempt in Progress

Flint ASA traded a used truck $($cost $18,800,$ accumulated depreciation $16,920)$ for a small computer worth $3,130.$ Flint also paid $470$ 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.$)$

Account Titles and Explanation

Accumulated Depreciation$-$Trucks

Equipment

Trucks

Debit

Credit