Vaughn Company exchanged equipment used in its manufacturing operations plus $3,900 in cash for similar equipment used in the operations of Bramble Company. The following information pertains to the exchange. Vaughn Co. Bramble Co. Equipment (cost) $36,400 $36,400 Accumulated depreciation 24,700 13,000 Fair value of equipment 16,250 20,150 Cash given up 3,900 (a) 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. List all debit entries before credit entries.) Account Titles and Explanation Vaughn Company: Bramble Company: Debit Credit