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etlock Corporation traded a used truck (cost $23,200, accumulated depreciation $20,880) for a small computer...

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Accounting

etlock Corporation traded a used truck (cost $23,200, accumulated depreciation $20,880) for a small computer with a fair value of $3,828. Metlock also paid $580 in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.)

Account Titles Debit Credit

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