Exercise 14-26 Oriole Co. owes $201,100 to Waterway Inc. The debt is a 10-year, 11% note. Because Oriole Co. is in financial trouble, Waterway Inc. agrees to accept some land and cancel the entire debt. The property has a book value of $87,800 and a fair value of $134,500. (a) Prepare the journal entry on Oriole's books for debt restructure. (b) Prepare the journal entry on Waterway's books for debt restructure. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Oriole Co.'s entry: (b) Waterway Inc. entry