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 outomatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter O for the amounts, List all debit entries before credit entries.) Splish Company Equipment 22940 Accumulated Depreciation - Equipment Cash 18500 18500 Equipment Gain on Disposal of Equipment 4440 4440 Blossom Company. Equipment 18500 Accumulated Depreciation - Equipment 14800 Cash 18500 18500 Loss on Disposal of Equipment 4440 41440 41440 \begin{tabular}{|l|} \hline 440 \\ \hline \end{tabular} Equipment 41440 Splish Company exchanged equipment used in its manufacturing operations plus $4,440 in cash for similar equipment used in the operations of Blossom Company. The following information pertains to the exchange