Question: - / 19 E HII View Policies Current Attempt in Progress Riverbed Company exchanged equipment used in its manufacturing operations plus $4.500 in cash for

- / 19 E HII View Policies Current Attempt in Progress Riverbed Company exchanged equipment used in its manufacturing operations plus $4.500 in cash for similar equipment used in the operations of Marin Company. The following information pertains to the exchange. Equipment (cost) Accumulated depreciation Riverbed Co. Marin Co. $42.000 $42.000 28.500 15,000 Fair value of equipment 18.750 23,250 Cash given up 4,500 (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange tacks 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 account titles and enter for the amounts) Accountries and Explanation Dobit Credit (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit accountities are automatically indented when amount is entered. Do notIndent morally no entry is required, elect "No Entry for the account titles and enter for the amounts) Debit Credit Account Titles and Explanation Riverbed Company Marin Company

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