Stellar Company exchanged equipment used in its manufacturing operations plus $3,180 in cash for similar equipment used in the operations of Pearl Company. The following information pertains to the exchange. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Stellar Co. $29,680 20,140 13,250 3,180 Pearl Co. $29,680 10,600 16,430 Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks 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 O for the amounts.) Debit Credit Account Titles and Explanation Stellar Company: Equipment 12720 Accumulated Depreciation Equipment 20140 Equipment 29680 Cash 3180 Pearl Company: Equipment 13250 Accumulated Depreciation-Equipment 10600 Cash 3180 Loss on Disposal of Equipment 2650 Activate Go to Setti Equipment 29680 Prepare the journal entries to record the exchange on the books of both companies. Assume that 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 Stellar Company Pearl Company