Crane Company exchanged equipment used in its manufacturing operations plus $3,060 in cash for similar equipment used in the operations of Cheyenne Company. The following information pertains to the exchange. (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Cheyenne Company: eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit