Reed Co. is a retailing business operating in the eastern US. Reeds fiscal year-end is December 31, and it prepares financial statements just once a year, at year-end. The company has already recorded most of its transactions and adjusting entries for the year ended December 31, 2019. The resulting trial balance follows:

Account	Debit	Credit
Cash	$ 177,382
Accounts Receivable	604,621
Allowance for Doubtful Accounts		$ 9,216
Inventory	323,810
Prepaid Advertising	238,032
Land	162,375
Buildings	894,600
Accumulated Depreciation Buildings		293,940
Construction in Progress	632,000
Equipment	576,059
Accumulated Depreciation Equipment		209,476
Notes Receivable	36,972
Discount on Notes Receivable		7,622
Accounts Payable		391,037
Notes Payable		784,165
Common Stock ($1 par)		192,500
Retained Earnings		683,219
Dividends	104,260
Sales Revenue		5,697,316
Sales Returns	219,622
Cost of Goods Sold	3,052,539
Insurance Expense	226,154
Interest Expense	24,156
Legal Expense	85,720
Salaries and Wages Expense	746,372
Utilities Expense	163,817
	$8,268,491	$8,268,491

Omitted Transactions

T1. On December 31, 2020, Reed engaged in an exchange of buildings with ABC Co. The following information pertains to the building each company-owned immediately before the exchange:

	Reed Co.	ABC Co.
Building cost	$139,230	$192,860
Accumulated depreciation	45,747	48,252
Fair value	155,000	135,160

In addition, Reed received $19,840 cash from ABC. Assume the exchange of buildings lacks commercial substance.

T2. On December 31, 2020, Reed engaged in a second exchange of buildings, this one with XYZ Co. The following information pertains to the building each company owned immediately before the exchange:

	Reed Co.	XYZ Co.
Building cost	$217,000	$268,510
Accumulated depreciation	71,300	80,940
Fair value	183,200	165,338

In addition, Reed received $17,862 cash from XYZ. Assume the exchange of buildings has commercial substance.

I need help with the journal entries for these.