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Bonita Corporation wishes to exchange a machine used in its operations. Bonita has received the following offers from other companies in the industry. 1. Windsor Company offered to exchange a similar machine plus $27,140. (The exchange has commercial substance for both parties.) 2. Sheridan Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties) 3. Skysong Company offered to exchange a similar machine, but wanted $3,540 in addition to Bonita's machine. (The exchange has commercial substance for both parties.) In addition, Bonita contacted Concord Corporation, a dealer in machines. To obtain a new machine, Bonita must pay $109,740 in addition to trading in its old machine. For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company. (Credit. occount titles are cutomaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entriec) Mn A T:E1 Windsor Company. 2. Bonita Corporation Sheridan Company. Sheridan Company. 3. Bonita Corporation Skresoog Company. Skysong Company, 4. Bonita Corporation Concord Company. (To record revenue) (To record cost of inventory)

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