Presented below are two independent transactions. Both transactions have commercial substance 1. Swifty Co. exchanged old trucks (cost $68,000 less $18,000 accumidated depreciation) plas cash of $17,500 for new trucks The old trucks had a fair value of $45,600. 2. Blue Spruce inc trades its used machine (cost $11,520 less $3,840 accumulated depreciation) for a new machine. In additiori to exchanging the old machine (which had a fair value of $10,480 ), Blue 5 pruce also paid cash of $3,500. (a) Piepare the entry to record the exchange of astets ty Swifty Co. List all debit entries before credic entries Gredit account titer are outomatically inderited when amount is enitered. Do not indent manumly If no entry is requained, select "No Entry" for the occount titie ind enter 0 for the omounts. indlydt in your journal entry sepotote astount entries for both the new and old equipment) Prepare the entry to record the exchange of assets by Swifty Co. (Uist oll dabit entrles before credit entries Credit occount tites one outomaticaly indented when amount is entered. Do not indent manually, th no entry is required, select "No Entyy for the account titler and enter 0 for the amounts include in your joumal entry separate occount entries for both the new and oid equipment) Prepare the entry to record the exchange of assets by Blue Spruce Inc fList all debit entries before credit entries Credit account elties are outomatically indented when omount is entered, Do not indent manually If no entry is required, seloct "No Entry" for the account titles and enter 0 for the amoents. Include in your joumal entry seporate account entries for both the now and old equipment