Question $9$ of $10-$ Week $1-$ Homework: Chapter $10$

Week $1-$ Homework: Chapter $10$

Question $10$ of $10$

$\frac{-}{4\mathrm{.}5}$

Presented below are two independent transactions. Both transactions have commercial substance.

Concord Co$.$ exchanged old trucks $($cost $$62,500$ less $$24,000$ accumulated depr

Riverbed Inc. trades its used machine $($cost $$11,490$ less $$3,830$ accumulated der

$($a$)$

Prepare the entry to record the exchange of assets by Concord Co$.($List all debit entries before credit entries. 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 $0$ for the amounts. Include in your journal entry separate account entries for both the new and old equipment.$)$

Account Titles and Explanation

Debit