Abner's Delivery Company and Wainwright's Express Delivery exchanged similar delivery trucks on January 1, 1996. Abner's truck cost \(\$ 18,000\), had accumulated depreciation of \(\$ 13,000\), and has a fair market value of \(\$ 3,000\). Wainwright's truck cost \(\$ 10,000\), had accumulated depreciation of \(\$ 8,000\), and has a fair market value of \(\$ 3,000\)

\section*{Instructions}

(a) Journalize the exchange for Abner's Delivery Company.

(b) Journalize the exchange for Wainwright's Express Delivery.