Cordero Company exchanges old delivery equipment for new delivery equipment.

The book value of the old delivery equipment is $33,200 (cost $62,800 less accumulated depreciation $29, 600). Its fair value is $18,700, and cash of $7,950 is paid.

Prepare the entry to record the exchange, assuming the transaction has commercial substance.

(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

cash flow statement possibly

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?