Blossom Engineering Corporation purchased conveyor equipment with a list price of $10,900. Presented below are three independent cases related to the equipment. a. Blossom paid cash for the equipment 8 days after the purchase. The vendor's credit terms are 2/10, n/30. Assume that equipment purchases are initially recorded gross. b. c. Blossom traded in equipment with a book value of $2,000 (initial cost $8,200), and paid $9,200 in cash one month after the purchase. The old equipment could have been sold for $300 at the date of trade. (The exchange has commercial substance.) Blossom gave the vendor a $10,400 zero-interest-bearing note for the equipment on the date of purchase. The note was due in one year and was paid on time. Assume 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 present value factor calculations to 5 decimal places, eg. 1.25124 and final answers to O decimal places, e.g. 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 O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit a. Equipment Accounts Payable (To record the purchase of equipment on account.) Accounts Payable Cash Equipment (To record the payment on account.) 10900 10900 b. Equipment 9500 Accumulated Depreciation - Equipment 6200 Loss on Disposal of Equipment 1700 No Entry No Entry (To record the purchase of equipment on account.) Accounts Payable Equipment (To record the payment on account.) C. Equipment Discount on Notes Payable Notes Payable (To record the purchase of equipment with a note.) Notes Payable Interest Expense Cash Discount on Notes Payable (To record the payment of the note.) 9541 859 10400 859 10900 8720 2180 0 0 9200 8200 10400 10400 859