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On August 1, Orioles, Inc. exchanged productive assets with Waterway.inc. Orie n tis referred to belows Asset A and Waterway is referred to as Asset

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On August 1, Orioles, Inc. exchanged productive assets with Waterway.inc. Orie n tis referred to belows Asset A and Waterway is referred to as "Asset The following facts perto these Original cost Accumulated depreciation to date of exchangel Failea date of exchange Cash paid by Oriole, Inc. Cash received by Waterway Inc. Anet $115.200 48.000 72.000 Asset B $132.000 56.000 90.000 Assuming that the exchange of Assets and has commercial substance record the exchange for both Oriolenc. and Waterway, Inc. in accordance with generally accepted accounting princiles. Round answers to decimal ploos 5.275 counte r automatically indented when amount inter ed. Do not indent ma y if no entry is required select "No Entry for the account otes and enter for the mount Debit Account Titles and Explanation Oriole Inc.'s Books Watery. Incl Books Type here to search Assuming that the exchange of Assets A and B lucks commercial substance, record the exchange for both Oriole, inc and Winterwar he in accordance with generally accepted accounting principles Round de c oton to decimal 125124 and final decimal 597 Credi t re automatic indeed when amount Donation "No Cry"for the account ties and enter for the amount Account Titles and Explanation Debit e Textbook and Media

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