w e r e that are considering trading machinery with each other. Although the machines are different from each other, you beli substance. Your clients would prefer that the exchange be deemed to have commercial substance to allow them to record gains. Here are Original cost Accumulated depreciation Fair value Cash received (paid) Client A Client B $106,800 $140,600 40,9008 1,200 71,500 77,100 (5,600) 5,600 Record the trade-in on Client A's books assuming the exchange has commercial substance. (If no entry is required, select "No Entry" amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Record the trade-in on Client A's books assuming the exchange lacks commercial substance. (If no entry is required, select "No Entry" amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Record the entry on Client B's books assuming the exchange has commercial substance. (If no entry is required, sele amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Record the entry on Client B's books assuming the exchange lacks commercial substance. (Round intermediate calcul Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented wi Account Titles and Explanation Debit Credit