Nate's Hot Dogs exchanges long-term assets with Lizzy's Lemonade, Nate receives a delivery truck and gives up a piece of machinery. The fair value and book value of the machinery were $31,000 and $23.000 (original cost of $34,000 less accumulated depreciation of $11,000), respectively. Since the delivery truck was worth $35,000, Nate paid an additional $4,000 in cash to Lizzy, Record the exchange for Nate's Hot Dogs. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction fist Journal entry worksheet 1 Record the exchange for Nate's Hot Dogs Note: Enter debts before credits Debit Credit General Journal Transaction 1 Record antry Clear entry View general jurnal