Bramble Corporation wishes to exchange a machine used in its operations. Bramble has received the following...

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Bramble Corporation wishes to exchange a machine used in its operations. Bramble has received the following offers from other companies in the industry. 1 Sunland Company offered to exchange a similar machine plus $29,440. (The exchange has commercial substance for both parties.) 2 Coronado Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Whispering Company offered to exchange a similar machine, but wanted $3,840 in addition to Bramble's machine. (The exchange has commercial substance for both parties.) In addition, Bramble contacted Metlock Corporation, a dealer in machines. To obtain a new machine, Bramble must pay $119,040 in addition to trading in its old machine. Bramble Sunland Coronado Whispering Metlock Machine cost $204,800 $153,600 $194,560 $204,800 $166,400 Accumulated depreciation 76,800 57,600 90,880 96,000 -0- Fair value 117,760 88,320 117,760 121,600 236,800 For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company. (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 0 for the amounts. List all debit entries before credit entries.) Bramble Corporation wishes to exchange a machine used in its operations. Bramble has received the following offers from other companies in the industry. 1 Sunland Company offered to exchange a similar machine plus $29,440. (The exchange has commercial substance for both parties.) 2 Coronado Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Whispering Company offered to exchange a similar machine, but wanted $3,840 in addition to Bramble's machine. (The exchange has commercial substance for both parties.) In addition, Bramble contacted Metlock Corporation, a dealer in machines. To obtain a new machine, Bramble must pay $119,040 in addition to trading in its old machine. Bramble Sunland Coronado Whispering Metlock Machine cost $204,800 $153,600 $194,560 $204,800 $166,400 Accumulated depreciation 76,800 57,600 90,880 96,000 -0- Fair value 117,760 88,320 117,760 121,600 236,800 For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company. (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 0 for the amounts. List all debit entries before credit entries.)