f Ch 10 HW Question 6 of 10 -/12 View Policies Current Attempt in Progress Concord Company exchanged machinery with an appraised value of $3,489,000, a recorded cost of $5,312,000 and accumulated depreciation of $2,656,000 with Tammy Corporation for machinery Tammy owns. The machinery has an appraised value of $3,348,000, a recorded cost of $6,360,000, and accumulated depreciation of $3,498,000. Tammy also gave Concord $141,000 in the exchange. Assume depreciation has already been updated. (a) Prepare the entries on both companies' books assuming that the exchange had commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Concord Account Titles and Explanation Debit Credit Tammy Account Titles and Explanation Debit Credit e Textbook and Media