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Sheridan Corporation traded a used truck for a new truck. The used truck cost $ 20,600 and has accumulated depreciation of 17,510. The new truck

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Sheridan Corporation traded a used truck for a new truck. The used truck cost $ 20,600 and has accumulated depreciation of 17,510. The new truck is worth $ 36,050. Sheridan also made a cash payment of $33,990. Prepare Sheridan's entry to record the exchange. (The exchange has commercial substance) (Credit account titles are automatically indented when amount is entered. De not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Account Tities and Explanation

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