View Policies Current Attempt in Progress Sweet Company exchanged equipment used in its manufacturing operations plus $4.990 in cash for similaresuprant used in the operations of Pharoah Company. The following information partains to the exchange Sweet Co. Equipment (CE) Accumulated depreciation Fair value of equipment Cash given up $40,990 27,740 18.250 4280 Pharoah Co. $40.990 14600 22.630 fa) Prepare the journal entries to record the change on the books of both companies. Assume that the change acie 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 Sweet Company Pharoah Company Save for Attempts: 0 of 5 used St Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above