Question 9 of 10 - /1 Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined not 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.) Pharoah Limited Account Titles and Explanation Debit Credit Flounder Limited Account Titles and Explanation Debit Credit