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On August 1, Coronado, Inc, exchanged productive assets with Whispering, Inc. Coronado's asset is referred to below as Asset A, and Whispering' is referred to

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On August 1, Coronado, Inc, exchanged productive assets with Whispering, Inc. Coronado's asset is referred to below as "Asset A," and Whispering' is referred to as "Asset B " The following facts pertain to these assets. (a) Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Coronado, Inc. and Whispering, Inc, in accordance with generally accepted accounting principles. (Round answers to 0 decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Coronado, Incis Books Whispering. Inc's Books

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