$($a$)($a$)$

Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have

commercial substance. $($Credit account titles are automatically indented when the 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.$)$

Cullumber Limited

Account Titles and Explanation

Debit

Credit

Bramble Limited

Account Titles and Explanation

Debit

Credit

eTextbook and MediaCullumber Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the

operations of Bramble Limited. Cullumber also paid Bramble $$2,900$ in cash. The following information pertains to the exchange.

$($a$)$

Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have

commercial substance. $($Credit account titles are automatically indented when the 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.$)$

Cullumber Limited

Account Titles and Explanation

Debit

Credit

Bramble Limited

Account Titles and Explanation

Debit

Credit

Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have

commercial substance. $($Credit account titles are automatically indented when the 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.$)$

Cullumber Limited

Account Titles and Explanation

Bramble Limited

Account Titles and Explanation