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using the information from the question and from part a, solve for part b. ...

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Accounting

using the information from the question and from part a, solve for part b. image
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View Policies Show Attempt History Current Attempt in Progress Marigold Company exchanged equipment used in its manufacturing operations plus $3,240 in cash for similar equipment used in the operations of Swifty Company. The following information pertains to the exchange. Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts. List all debit entries before credit entries) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries.)

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