Exercise 10-19 Concord Company exchanged equipment used in its manufactung operations plus $4,500 in cash for similar equipment used in the operations of Marigold Company. The following information pertains to the exchange. ,' Concord Co. $42,000 28,500 18,750 4,500 Co. $42,000 15,000 23,250 Marigold Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks 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 oncord company Debit Credit