PRINTER VERSION 4 BACK NEXT Problem 10-9 On August 1, Stellar, Inc. exchanged productive assets with Pearl, Inc. Stellar's asset is referred to below as "Asset A," and Pearl' is referred to as "Asset B." The following facts pertain to these assets. Original cost Accumulated depreciation (to date of exchange) Fair value at date of exchange Cash paid by Stellar, Inc. Cash received by Pearl, Inc. Asset A $126,720 52,800 79,200 19,800 Asset B $145,200 62,040 99,000 19,800 Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Stellar, Inc. and Pearl, 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, the mounts Assuming that the exchange of Assets A and Blacks commercial substance, record the exchange for both Stellar, Inc. and Pearl, Inc. in accordance with generally accepted accounting principles. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. 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 o for the amounts.) Debit Credit Account Titles and Explanation Stellar, Inc.'s Books