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Splish Corporation wishes to exchange a machine used in its operations. Splish has received the following offers from other companies in the industry. 1. Blossom Company offered to exchange a similar machine plus $32.200. (The exchange has commercial substance for both parties.) 2. Blue Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Kingbird Company offered to exchange a similar machine, but wanted $4.200 in addition to Splish's machine. (The exchange has commercial substance for both parties.) In addition, Splish contacted Oriole Corporation, a dealer in machines. To obtain a new machine. Splish must pay $130,200 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 outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the omounts) No. Account Titles and Explanation Debit Credit 1. SplishCorporation Blossom. Company 2. Solish Corporation 2. Splish Corporation Blue Company. 3. Splish Corporation Kingbird Company. 4. Solish Corporation Oripie Comnanx (To record exchange of anvertony

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