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pls help On August 1, Sheffield, Inc, exchanged...

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Accounting

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On August 1, Sheffield, Inc, exchanged productive assets with Tamarisk, Inc. Shetheld's asset is referred to below as "Asset A, and Tamarisk' is referred to as "Asset B," The following facts pertain to these assets. Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Sheffield, Inc. and Tamarisk, Inc. in accordance with generally accepted accounting principles. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.) Accuhrulated Depreciation - Machinery (A) Accumulated Depreciation - Machinery (B) Cash Gain on Disposal of Machinery Machinery (A) Machinery (B) No Entry Tamarisk, Incis Books

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