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On November 3, 2020. Gamez 2 Go Medie exchanged an old computer for a new computer that had a list price of $228.000. The original

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On November 3, 2020. Gamez 2 Go Medie exchanged an old computer for a new computer that had a list price of $228.000. The original cost of the old computer was $188,000 and related accumulated depreciation was $84.000 up to the date of the exchange Gamez 2 Go Media received a trade in allowance of $119,000 and paid the balance in cash Required: a. Record the exchange assuming the fair values are unknown View transaction list Journal entry worksheet 1 Record the exchange of computers. Note Enter debits before credits General Journal Debit Credit Date November 03 2020 Record entry Clear entry View general journal b. Assume that the fair value of the new asset was $193,000 Record the exchange View transaction list Journal entry worksheet

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