3. Assume an older truck with a cost of S24.000 has accumulated depreciation of S14,000. The older truck and $18,000 cash are traded for new equipment valued at $30,000. Which of the following would be part of the journal entry to record this exchange? a. debit Loss on Disposal for $2.000 b. debit Equipment for $30,000 c. credit Accumulated Depreciation for $14,000 d. debit Cash for $18,000 4. Jill Hamlin borrowed S40,000 from the bank on August 16, issuing the bank a 12% note. The entry to record accrued interest on the note on 31 (15 days later) would include: a. debit Interest Expense for $197.26 b. debit Interest Payable for $197.26 c. credit Interest Expense for $407.67 d. credit Interest Payable for $407.67