Marin Company exchanged equipment used in its manutacturing operations plus $3,840 in cash for similar equipment used in the operations of Hea nd Company. The tollowing information pertains to the exchange. Marin Co. Headl Co. Equipment (cost) 840 35,840 ed depr 1,320 2,900 Fair value of equipment 6,000 9,040 Cash given up 3,840 Your answer is partially correct. Try acain. Prepare the Joumal entries to record the exchange on the books of both companies. Assume that the exchange lacks commencial 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 titles and enter 0 for the amo ADwunt Tilles and Explanaliun Equipment Accumulated Depredation- T Equipment ach EL i adland