accurmulated depreciation $$71,000]$ for a new crane from Pina Manufacturing Inc. The new crane cost Pina $$234,300$ to manufacture

and is classified as irwentory. The following information is also available.

Assuming that this exchange is considered to hawe commercial substance, prepare the journal entries an the books of $(1)$ Ayayai

Construction and $(2)$ Pina Marufacturing. $($Credit account titles are automatically indented when amount is entered. Do not indent

manuolly. 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$).$

No$.$ Account Titles and Explanation

Debit

Credlt

Ayayai Construction Ltd$.$

Pina Manufacturing Inc.

$($To record exchange of inwentory$)$

$($To record cost of Inventory$)$

Assuming that this exchange lacks commercial substance for Ayayai, prepare the journal entries on the books of Ayayai

Construction. $($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 tities and enter $0$ for the amounts List all debit entries before credit entries.$)$

Assuming the same facts as those in $($b$),$ except that the fair value of the old crane is $$137,740$ and the cash paid $$146,260,$

prepare the journal entries on the books of $(1)$ Ayayai Construction and $(2)$ Pina Manufacturing. $($Credit occount titles are

outomatically 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.$).$

Pina Manufacturing Inc.

$($To record exchange of Inwentory$)$