Bonita Company traded a used truck for a new truck. The used truck cost $33,000...
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Accounting
Bonita Company traded a used truck for a new truck. The used truck cost $ and has accumulated depreciation of $ The new truck is worth $ Bonita also made a cash payment of $
Prepare Bonita's entry to record the exchange. 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 for the amounts.
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