McKinstry Company exchanged machinery with Jones Corporation. The following is provided for each company's assets in the exchange: McKinstry Company Jones Company Appraised Value 3,765 3,565 Cost 7,400 6,080 Accumulated Depreciation 4,650 4,060 Jones also gave McKinstry $200 in the exchange. Assume depreciation has already been updated. Prepare the entries on both companies' books assuming that the exchange has commercial substance. McKinstry Jones Prepare the entries on both companies' books assuming that the exchange lacks commercial substance. McKinstry Jones