Bonita Company exchanged equipment used in its manufacturing aperations plus $$3,540$ in cash for similar equipment used in the

operations of Windsor Company. The following information pertains to the exchange.

$($a$)$

Prepare the journal entries to record the ewchange on the books of both companies. Assume that the ewchange lacks commercial

substance. $($Credit account tities 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.$)$

Account Titles and Explanation

Debit

Credit

Bonita Comparny:

Windsor Company: