Exercise 10-17 whispering Corporation, which manufactures shoes, hired a recent college graduate to work in its accountng department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine Gefore long, the accountant, who had never before seen such a machine, managed to break the machine. whispering Corporation gave the machine plus $442 to Metlock Business Machine Company (dealer) in exchange for a new machine. Assume the following inforation about the machines. Whispering Corp. Metlock Co. (New Old Machine) Machine) $351 377 182 Machine cost Fair value 553 For each company, prepare the necessary journal entry to record the exchange. (The exchange has commercial substance.) (Credit account titles 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.) Account Titles and Explanation Whispering Corporation Debit Metlock Business Machine Company