Question 4 View Policies Current Attempt in Progress Buffalo Company exchanged equipment used in its manufacturing operations plus 1.320 in cash for similar equipment used in the operations of Carla Company. The following information pertains to the change. Buffalo Equipment cost) $10,320 $40,320 27.360 Accumulated depreciation 14,400 22,320 Fair value of equipment Cash given up 18.000 4,320 Prepare the journal entries to record the exchange on the books of both compa Asume that the exchange lacks commercial substance. (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 for the amounts.) Account Titles and Explanation Debit Credit backspace home enter pause Prepare the journal entries to record the changes on the books of both companies. Assume that the changlades commercial substance. Credit c a re automatically indented when amount interd. De not indian mon i ne entry Iseguir select "No Entry for the accounts and enter for the amounts) Account Titles and Explanation Tebal Buffalo Company Carla Company pause Carla Company OP [ . enter pause