On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows: Original cost Accumulated depreciation Fair value Robers' Asset $160,000 87,000 87,000 Phifer's Asset $150,000 95,000 74,000 To equalize the exchange, Phifer paid Robers $13,000 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 occount field.) View transaction list Tural antry marksheet Journal entry worksheet > 1 2 Record the exchange of equipment for Robers Company. The exchange has commercial substance for both companies. To equalize the exchange, Phifer paid Robers $13,000 in cash. Note: Enter debits before credits. Debit General Journal Event Credit 1 wel Journal entry worksheet 1 2 Record the exchange of equipment for Phifer Corporation. The exchange has commercial substance for both companies. To equalize the exchange, Phifer paid Robers $13,000 in cash. Note: Enter debits before credits. Debit Credit Event General Journal 2 Record entry Clear entry View general journal