operations of Blossom Company. The following information pertains to the exchange.

Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial

substance. $($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

Splish Company:

eTextbook and Media

List of Accounts

Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial

substance. $($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

Splish Company

Blossom Company.