4. Equipment acquired at a cost of $126,000 has a book value of S42,000. Journalize the disposal of the equipment under the following independent assumptions (a) The equipment had no market value and was discarded. (b) The equipment is sold for $54,000. (c) The equipment is sold for $24,000, (d) The equipment is traded-in for a similar asset. The list price of the new equipment is $63,000. The buyer gave no cash in the exchange. The transaction lacks commercial substance. Journal Post. Date Description Ref. Debit Credit 5. For each of the following notes receivable held by Winter Company, determine the interest revenue to be reported on the income statements. Round answers to nearest whole dollar YearI Year 2 Interest Interest Date Face Rate Time Revenue Revenue 8, Year I $15,000 t. 7, Year l $22,000 180 da 60 da 90 da 60 da 89 an. 6. Year 2 S30 Nov. 12.Year I $28,000