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Flint Corporation traded a used truck (cost $28,400, accumulated depreciation $25,560) for a small computer with a fair value of $4,686. Flint also paid $710

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Flint Corporation traded a used truck (cost $28,400, accumulated depreciation $25,560) for a small computer with a fair value of $4,686. Flint also paid $710 in the transaction Prepare the journal entry to record the exchange, assuming the exchange tacks commercial substance. (Credit account tities 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 for the amounts) Debit Credit Account Titles and Explanation Accumulated Depreciation Trucks 25560 Equipment 2840 Trucks 28400 710

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