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Exercise 10-19 (Part Level Submission) Bonita Company exchanged equipment used in its manufacturing operations plus $3,900 in cash for similar equipment used in the operations

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Exercise 10-19 (Part Level Submission) Bonita Company exchanged equipment used in its manufacturing operations plus $3,900 in cash for similar equipment used in the operations of Windsor Company. The following information pertains to the exchange. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Bonita Co. $36,400 24,700 16,250 3,900 Windsor Co. $36,400 13,000 20,150 (a) 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 o for the amounts.) Debit Credit Account Titles and Explanation Bonita Company: Windsor Company: Click if you would like to Show Work for this question: Open Show Work Exercise 10-19 (Part Level Submission) Bonita Company exchanged equipment used in its manufacturing operations plus $3,900 in cash for similar equipment used in the operations of Windsor Company. The following information pertains to the exchange. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Bonita Co. $36,400 24,700 16,250 3,900 Windsor Co. $36,400 13,000 20,150 (a) 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 o for the amounts.) Debit Credit Account Titles and Explanation Bonita Company: Windsor Company: Click if you would like to Show Work for this question: Open Show Work

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