Job Sales Traded a Truck They Had Owned for Some $$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

question 15

Essay

Job Sales traded a truck they had owned for some time plus $2,500 cash in exchange for another truck of similar type.The original truck had been purchased by Job for $36,000,and had accumulated depreciation of $30,000 at the time it was exchanged.Please provide the journal entry for this transaction.
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Definitions:

Stem Elongation

A phase of plant growth where the stem or shoot rapidly increases in length due to cell division and elongation.

Gibberellin

A class of plant hormones that regulate growth and influence various developmental processes, including stem elongation and germination.

Phototropism

The growth of a plant in response to the direction of light.

Biennial

Referring to plants or events occurring every two years, or plants that take two years to complete their lifecycle from germination to seed production.