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On August 1, Coronado, Inc. exchanged productive assets with Whispering. Inc. Coronado's asset is referred to below as "Asset A, and Whispering' is referred to as "Asset B:" The following facts pertain to these assets. (a) Your answer is correct. Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Coronado, Inc. and Whispering, Inc, in accordance with generally accepted accounting principles. (Round answers to O decimal places, es, 5, 275, Credit account titles are outomatically indented when amount is entered. Do not indent manually It no entry is required, select "No Entry" for the account titles and enter O for the omounts, List all debit entries before credit entries.) Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Coronado, Inc. and Whispering, Inc, in accordance with generally accepted accounting principles. (Round answers to 0 decimal places, eg. 5,275. 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 0 for the amounts. List all debit entries before credit entries.) Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Coronado, Inciand Whispering, Ine in aceordance with generally sceepted aceounting principles. (Do not round Intermedlate caiculations, Round final answer to 0 decimal places es. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Whispering, Inc, in accordance with generally accepted accounting principles, (Do not round intermediate colculations. Round final answer to 0 decimal places eg. 58,971. Credit account titles are outomatically indented when amount is entered. Do not indent manualh If no entry is required, select "No Entry" for the account titles and enter O for the amounts

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