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Haley's Hamburger's has just completed an exchange of some of their long-term assets with Barry's Burgerlicious. Haley's recelves a delivery truck and gives up a

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Haley's Hamburger's has just completed an exchange of some of their long-term assets with Barry's Burgerlicious. Haley's recelves a delivery truck and gives up a piece of machinery. The fair value and book value of the machinery were $32.000 and $20.000 forainal cost of $32,000 less accumulated depreciation of $12,000), respectively. Since the delivery truck was worth $36,000. Haley's paldan additional $4,000 in cash to Barry's Record this exchange for Haley's Hamburger's. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist Journal entry worksheet Record the exchange for Nate's Hot Dogs. Debit Credit

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