A company owns a piece of land that originally cost $10,000 and has a fair market value
of $8,000. It is exchanged along with $5,000 cash for another piece of land having a fair
value of $13,000. HOw do I Jounalize it?

Please see the guidelines for posting homework problems:
Ask Me Help Desk - Announcements in Forum : Homework Help (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

Can you post at least some attempt at the entry and someone can guide you from there.

I fully agree with morgaine 300. However, as a guide, the GAAP requires that the recognition should be on the basis of the fair value received or the fair value given up, whichever is easily determinable. Based on this please post your answer for guidance.