Baxter Company transferred Equipment to Maize and Blue Company in exchange for new and Blue. Assume that this transaction has commercial substance for both company's Baxter Company equipment transferred to Maize and Blue Original Cost Accum. Deprec. Cash Received Fair Market Value of Truck Given $25,000 15,000 5,000 23,000 Maize and Blue Transfer of machine to Baxter Original Cost Accum. Deprec. Cash Given Fair Market Value of Truck Given 25,000 9,000 5,000 18,000 The journal entry on Maize and Blue Companies books for the acquisition of this equipmen Saved entry on Maize ana blue companies DOOKS for the acquisition of this equipment would be: le Choice Dr. Equipment $21,000, Dr. Accum. Deprec. 9,000; Cr. Cash 5,000, Cr. Machine 25,000 Dr. Equipment $18,000, Dr. Accum. Deprec. $9,000; Cr. Machine 27,000 Dr. Equipment $23,000, Dr. Accum. Deprec. 9,000; Cr. Cash 5,000, Cr. Machine 25,000, Cr. Gair on Sale 2,000 Dr. Equipment $23,000, Dr. Accum. Deprec. 9,000; Cr. Machine 32,000