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ibs Kingbird ASA traded a used truck (cost 25,200, accumulated depreciation 22,680) for a small computer worth 4,250. Kingbird also paid 630 in the transaction.

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ibs Kingbird ASA traded a used truck (cost 25,200, accumulated depreciation 22,680) for a small computer worth 4,250. Kingbird also paid 630 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 for the amounts.) Account Titles and Explanation Debit Credit un Save for Later

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