1st picture is Part a

Second picture is part b

Cullumber Engineering had a large Ford deliwery truck it traded in for a new Mack truck. The relevant information concerning the two trucks, on May 15, 2024, the date of exchange, follows: Prepare the journal entry to record the purchase of the Mack truck using the Ford truck as a trade in. Cullumber paid the If Cullumber had not offered the Ford truck as a trade-in, what amount shouls have been recognized on the purchase of the Mack truck? Purchase price less any discounts received