Question: Please answer fast i will thumbs up Question 3 of 7 View Policies Current Attempt in Progress Presented below are two independent transactions. Both transactions

Please answer fast i will thumbs up

Question 3 of 7 View Policies Current Attempt in Progress Presented below are two independent transactions. Both transactions have commercial substance 1 Pronghorn Co. exchanged old trucks (cost E64.000 less E19.000 accumulated depreciation plurich Room trucks. The old trucks had a fair value of 40,300 Stellar Ltd, trades its used machine (cost E13.260 less E4.420 accumulated depreciation for a new machine Info exchanging the old machine (which had a fair value of E12240), Steilar also paid cash of 2000 2 Prepare the entry to record the exchange of assets by Pronghom Co. (Credit account titles are automatically indested when entered. Do not indent manually. Report old equipment and new equipment separately) Account Titles and Explanation Debit Creta e Textbook and Media DT Accounts Prepare the entry to record the exchange of assets by Stellar Ltd. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Report old equipment and new equipment separately) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts

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