Skysong Corporation traded a used truck for a new truck. The used truck cost $$22,200$ and has accumulated depreciation of $$18,870.$

The new truck is worth $$38,850.$ Skysong also made a cash payment of $$36,630.$

Prepare Skysong's 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 $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit