Please Help me with Part B Current Attempt in Progress Prepare the joumal...
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Accounting
Please Help me with Part B
Current Attempt in Progress Prepare the joumal entries to record the exchange on the books of both companies. Assume that the exchange has Nash Compary exchanged equipment used in its manufacturing operations plus $3,120 in cash for similar equipment used in the operations of Crane Company, The following information pertains to the exchange. commercial substance. (Creditccount thles are autorraticollyirdent6dwhen amant is entered Donot indentmonually.1f noentry is iequived, select "No Entry" fortheaccant titles and enter O for the arounts List all debitenties beforecredit entries). (a) Your answer is correct. Prepare the journalentries to record the exchange on the books of both companies. Assume that the exchangelacks is required, select 'No Entry" for the account litles and erterOfor thearnounts Listall debitertries beforecredit ertries)
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