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Waterway Corporation traded a used truck ( cost ( $ 2 7 , 6 0 0 ) , accumulated depreciation (

Waterway Corporation traded a used truck (cost \(\$ 27,600\), accumulated depreciation \(\$ 24,840\)) for a small computWaterway Corporation traded a used truck (cost \(\$ 27,600\), accumulated depreciation \(\$ 24,840\)) for a small computSunland Company traded a used truck for a new truck. The used truck cost \(\$ 41,100\) and has accumulated depreciation ofPlease do both
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Waterway Corporation traded a used truck (cost $27,600, accumulated depreciation $24,840) for a small computer with a fair value $4,554. Waterway also paid $690 in the transaction. Prepare the journal entry to record the exchange, assuming the exchange lacks 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 O for the amounts. List all debit entries before credit entries.)
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