Skysong Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. Skysong Corporation gave the machine plus $$381$ to Concord Business Machine Company $($dealer$)$ in exchange for a new machine. Assume the following information about the machines.

$\backslash$table$[[,\backslash$table$[[$Skysong Corp.$],[($Old Machine$)]],\backslash$table$[[$Concord Co$.],[($New Machine$)]]],[$Machine cost$,$$$325,$$$302$

Account Titles and Explanation

Debit

Credit

Skysong Corporation $$

Concord Business Machine Company $$

Skysong Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. Skysong Corporation gave the machine plus $$381$ to Concord Business Machine Company $($dealer$)$ in exchange for a new machine. Assume the following information about the machines.

$\backslash$table$[[,\backslash$table$[[$Skysong Corp.$],[($Old Machine$)]],\backslash$table$[[$Concord Co$.],[($New Machine$)]]],[$Machine cost$,$$$325,$$$302$