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Sweet Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer...

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Accounting

Sweet Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth $4,092. Sweet also paid $620 in the transaction. Prepare the journal entry to record the exchange, assuming the exchange lacks commercial substance.

Account Titles Debit Credit

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