Problem $10-7($Static$)$ Nonmonetary exchange $[$LO$10-6]$

To equalize the exchange, Phifer paid Robers $\backslash$$$5,000$ in cash.

Required:

Record the exchange for both Robers and Phifer. The exchange has commercial substance for both companies.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet