Oriole Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Cheyenne Limited. Oriole also paid Cheyenne $2,900 in cash. The following information pertains to the exchange. Oriole Cheyenne Equipment (cost) Accumulated depreciation Fair value of equipment $48,500 $51,500 21,000 27,400 30,750 24,500 Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have commercial substance. (Credit account titles are automatically indented when the 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.) Oriole Limited Account Titles and Explanation Debit Credit heyenne Limited Account Titles and Explanation Debit Credit