Noncash Exchanges Suppose Cartier Company acquires some equipment from Marseilles Company in exchange for issuance of 10,000 shares of Cartier's common stock. The equipment was carried on Marseilles's books at the 520,000 original cost less accumulated depreciation of 100,000. Cartier's stock is listed on the Paris Stock Exchange; its current market value is 50 per share. Its par value is 1 per share. 1. By using the balance sheet equation, show the effects of the transaction on the accounts of Cartier Company and Marseilles Company. 2. Show the journal entries on the books of Cartier Company and Marseilles Company.