Novak Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of inwoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. Novak Corporation gave the machine plus $510 to Splish Business Machine Company (dealer) in exchange for a new machine. Assume the following information about the machines. For each company. prepare the necessary journal entry to record the exchanse. (The exchange has commercial substance.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Jf no entry is required, select "No Entry" for the occount tities and enter ofor the amounts (bst all debit entries before credit entries). Account Titles and Explanation Debit Credit Novak Corporation Splish Business Machine Company