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Toth Corp. has agroed to exchange old computer system for a van from Inconclusive, Inc. In addition, Inconclusive will pay To $2,000. The computer originally

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Toth Corp. has agroed to exchange old computer system for a van from Inconclusive, Inc. In addition, Inconclusive will pay To $2,000. The computer originally coul Tosh $25,000 and its cunent book value a $14,000. The var's original cout was $30,000 and is 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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