Prepare the journal entries to record the exchange on the books of both companies. Assume that the exct ange has commercial substance. (Credit occount tities are outomaticolly lindented when amount is enterod. Do not indent manuelk if no entry is required, icicet "No Entry" for the occount titles and enter Ofor the amowits! View Policies Current Attempt in Progress Sage Company exchanged equipment used in its manufacturing operations plus $3,360 in cash for similar equipment used in the operations of Pronghorn 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 O for the amounts) Account Titles and Explanation Debit Credit