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Question: lt prev next question 12 sineering corporation purchased comveyor equipment...

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< Prev Next Question 12 sineering Corporation purchased comveyor equipment with a ist price of $9.300 Presented below are three independent cases related to the equipmgnt ) Avora aid ash for the equipment B days ater h h ndsre e10,n/30.Assume that caulomant purchases re iil (b) Ayayai traded in equipment with a book value of $ 2.200 (initial cost $ 7,300),and paid $ 9,700 in cash one month after the purchase. The old equipment could have gross been sold for $400 at the date of trade.(The exchange has commercial substance.) (el) Ayayai gave the vendor a $ 11,900 zero-interest-bearing note for the equipment on the date of purchase. The note was duein one year and was paid on time As that the effective-interest rate in the market was 9% Prepare the general journal entries required to record the acquisition and payment in each of the independent cases above.(Round decimal places, eg 1.25124 and final answers to O decimal places, e s 5,275.Credit account tit entry is required, select No Entry for the account titles and enter O for the amounts) present value factor calculations to 5 les are automatically indented when amount is entered. Do not indent manually fn No. Account Titles and Explanation Debit Credit
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