Hi there I need help with this question asap please. Please make sure answers are correct.

Wildhorse Limited exchanged equipment that it uses in its manufacturing operations for simitar equipment that is used in the operations of Novak Limited. Wildhorse also paid Novak $2,900 in cash. The following information pertains to the exchange. Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Of for the amounts) Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have commercial substance, (Credit account titles are automatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined not have commercial substance. (Credit account titles are automatically indented when the arnount is entered. Do not indent manually. If entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare the journal entries to record the exchange on the books of both companies, assuming the excharge is determined not to have commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Question 31 of 33 18 Novak Limited Account Titles and Explanation