HAS COMMERCIAL EXCHANGE

Account Titles and Explanation Debit Credit Splish Company. Equipment Accumulated Depreciation-Equipment Cash 18500 18500 Equiqment Blossom Comrany. Equipment 18500 Accumulated Depreciation - Equlpment 14800 Casth 18500 18500 5plish Company exchanged equipment used in its manufacturing operations plus $4,440 in cash for similar equipment usod in the operations of Blossom Company. The following information pertains to the exchange. Splish Company. Equipment Accumulated Depreciation - Equipment Cash Equipment Gain on Disposal of Equipment 4440 Blossom Company. Equipment Accumulated Depreciation - Equipment Cash Loss on Disposal of Equipment Equipment