Monty Compary exchanged equipment used in its manufacturing operations plus $4,380 in cash for similar equipment used in the operations of Flounder Company. The following information pertains to the cochange. (3) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lachas commercial substance. (Credit account titler are outomotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles ond enter o for the amounts. Elounder Company