On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows: Original cost Accumulated depreciation Fair value Robers' Asset 180,000 103,000 93,000 Phifer's Asset 200,000 111,000 76,000 To equalize the exchange, Phifer paid Robers $17,000 in cash. Required Record the exchange for both Robers and Phifer. The exchange has commercial substance for both companies. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the exchange of equipment for Robers Company. The exchange has commercial substance for both companies. To equalize the exchange, Phifer paid Robers $17,000 in cash Note: Enter debits before credits. Event General Journal DebitCredit Record entry Clear entry View general journal