Question: Assuming the same facts as those in (b), except that the fair value of the old crane is $110,580 and the cash paid $117,420,

Assuming the same facts as those in (b), except that the fair value of the old crane is $110,580 and the cash paid $117,420, prepare the journal entries on the books of (1) Swifty Construction and (2) Nash Manufacturing. (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.) No. Account Titles and Explanation Debit Credit 1. Swifty Construction Ltd. 2. Nash Manufacturing Inc.

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