Stellar Company exchanged equipment used in its manufacturing operations plus $3,780 in cash for similar equipment used in the operations of Pearl Company. The following information pertains to the exchange.. Stellar Co. Pearl Co. $35,200 Equipment (cost) Accumulated depreciation $35,280 23,940 12,600 Fair value of equipment 15,750 19,530 Cash given up 3,780 (a) (b) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit account titles a automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Or the amounts.) Credit Debit Account Titles and Explanation Stellar Company 3:03 11/24