Question 4 of 5 -/1 HII View Policies Current Attempt in Progress Culver Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long the accountant, who had never before seen such a machine managed to break the machine. Culver Corporation gave the machine plus $394 to Larkspur Business Machine Company (dealer) in exchange for a new machine. Assume the following information about the machines Culver Corp (Old Machine) Larkspur Co (New Machine) Machine cost $336 $313 Accumulated depreciation 162 -0- Fair value 99 493 For each company prepare the necessary journal entry to record the exchange (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 for the amounts.) Debit Credit Account Titles and Explanation Culver Comboration TII Account Tities and Explanation Dent Crede Culver Corporation Larkspur Ulusloos Machine Company e Textbook and Media