Flint Company exchanged a used machine with a book value of $26,000 (cost $54,100 less $28,100 accumulated depreciation) and cash of $8,300 for a delivery truck. The machine is estimated to have a fair market value of $35,900.

The cash flows related to the truck will be different from the cash flows generated from the use of the machine.

Requirement

Prepare the journal entry to record the exchange on the books of the Flint Company. (Record debits first, then credits. Exclude explanations from any journal entries.)

Account	Date of the Exchange