Help System Announcements CALCULATOR PRINTER VERSION BA Exercise 10-19 Sandhill Company exchanged equipment used in its manufacturing operations plus $4,020 in cash for similar equipment used in the operations of Teal Company. The following information pertains to the exchange. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Sandhill Co. $37,520 25,460 16,750 4,020 Teal Co. $37,520 13,400 20,770 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 automat 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 Sandhill Company: Debit Credit CALCULATOR PRINTER VERSION BACK 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 automatic 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 Sandhill Company: Debit Credit Teal Company: SHOW LIST OF ACCOUNTS UNK TO TEXT ere to search O la ENG 4:53 PM 4/132221