Martinez Company exchanged equipment used in its manufacturing operations similar equipment used in the operations of Sandhill Company. The following information pertains to the exchange Martin Sandhu Equipment (cost) Accumulated depreciation $35,280 12.600 $35,280 23.940 15.750 3.780 Fair value of equipment 19,530 Cash given up 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 automatically indented when amount is entered. Do not indent account titles and enter for the mounts) Account Titles and Explanation Martinez Company Sandhill Company Type here to search O @W9 DELL Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit account titles account titles and enter for the amounts) Account Titles and Explanation Debit Credit Martinez Company Sandhill Company e Textbook and Media List of Accounts