Splish Corporation traded a used truck (cost $29,600, accumulated depreciation $26,640) for a small computer with a fair value of
$4,884. Splish also paid $740 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 0 for the amounts. List all debit entries before credit entries.)
Account Titles and Explanation
Debit
Credit