Current Attempt in Progress Wildhorse Company exchanged equipment used in its manufacturing operations plus $4,080 in cash for similar equipment used in the operations of Sheffield 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 substance. (Credit account tites are automatically indented when amount is entered. Do not indent munually If no entry is required, select "No Entry" for the account tites and enter 0 for the amounts. List all debit entries before credit entries.)