Question: please take your time to make sure this question is answered correctly Vaughn Company exchanged equipment used in its manufacturing operations plus $3,900 in cash

please take your time to make sure this question is answered correctly

Vaughn Company exchanged equipment used in its manufacturing operations plus $3,900 in cash for similar equipment used in the operations of Bramble Company. The following information pertains to theexchange. (a) Prepare the journal entries to record the exchange on the books of both companies. Assumethat the exchange lacks commercial substance. fCredit account titles are outomaticolly indented when amount is entered. Do not indent monuolly. If no entry is required, select "Wo Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries

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