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Tamarisk Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth transaction 4,488. Tamarisk also paid $680 in the Prepare

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Tamarisk Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth transaction 4,488. Tamarisk also paid $680 in the Prepare the journal entry to record the exchange, assuming the exchange lacks commercial substance. (Credit account titles are automatically indented whern amount is entered. Do not indent manually. If no entry is reguired, select "No Entry" for the account tities and enter 0 for the amounts.) Account Titles and Explanation Debit Credit

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