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Toah Corp, has agreed to exchange an old computer system for a van trom Inconclusive, Inc. In addition, Inconclusivo will pay Toth $2,000. The computer

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Toah Corp, has agreed to exchange an old computer system for a van trom Inconclusive, Inc. In addition, Inconclusivo will pay Toth $2,000. The computer originally cost Tosh $25,000 and its current book value is $14,000. The ven's original cost was $30,000 and its accumulated depreciation is $12.000. The appraised value of the computer is $15,000, and the appraised value of the van is $13,000 Required Prepare the journal entries to record the exchange on both companies books

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