Swifty Company exchanged equipment used in its manufacturing operations plus $3.780 in cash for similar equipment used in the operations of Nash Company. The following information pertains to the exchange. Swifty Co. $35,280 23.940 Nash Co. $35,280 12,600 Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up 15,750 19,530 3.780 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 for the amounts.) Debit Credit Account Titles and Explanation Swifty Company Nash Company