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  3. windsor corporation traded a used truck for a new

Windsor Corporation traded a used truck for a new truck. The used truck cost $...

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Accounting

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Windsor Corporation traded a used truck for a new truck. The used truck cost $ 25,800 and has accumulated depreciation of $ 21,930. The new truck is worth $ 45,150. Windsor also made a cash payment of $ 42,570. Prepare Windsor's entry to record the exchange. (The exchange has 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 O for the amounts.) Account Titles and Explanation Debit Credit Trucks

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