On August $1,$ Crane, Inc. exchanged productive assets with Cheyenne, Inc. Crane's asset is referred to below as "Asset A$,"$ and Cheyenne' is referred to as "Asset B$."$ The following facts pertain to these assets.

Assuming that the exchange of Assets $\backslash ($ A $\backslash )$ and $\backslash ($ B $\backslash )$ has commercial substance, record the exchange for both Crane, Inc. and Cheyenne, Inc. in accordance with generally accepted accounting principles. $($Round answers to $0$ decimal places, e$.$g$.5,275.$ 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 $0$ for the amounts. List all debit entries before credit entries.$)$ Account Titles and Explanation

Debit

Credit

Crane,Inc.$\text{'}$s Books

$.$

$\backslash (1]\backslash )$

$\backslash (1]\backslash )$

$7$

$.]$

Cheyenne, Inc.$\text{'}$s Books Account Titles and Explanation

Crane, Inc.$\text{'}$s Books

Cheyenne,Inc.$\text{'}$s Books