Current Attempt in Progress 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. Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries.)