Chpt. -ANALYSIS OF TRANSACTIONS- INSTRUCTIONS: In the appropriate columns, insert the letters of the accounts to be debited and credited in recording the llowing transactions. (Do not record amounts.) ACCOUNTS A. Accounts Receivable B. Accumulated Depletion C. Accumulated Depreciation-Equipment D. Amortization Expense-Patents E. Cash F. Depletion Expense G. Equipment H. Gain on Disposal of Fixed Assets I. Goodwill J. Loss on Disposal of Fixed Assets K. Notes Payable L. Notes Receivable M. Research and Development Expense N. Patents For For TRANSACTIONS 0. Recorded amortization of patents, $12,500 1-2. Traded in old equipment for similar equipment priced at $75,000 0. receiving a trade-in allowance of $8,000 and paying the balance in cash. Cost of the old equipment was $37,500; accumulated depreciation $30,000). 2 3-4. Traded in equipment costing $47,500, with accumulated depreciation of $30,000, for similar equipment priced at $60,000; received a trade-in allowance of $5,000 and issued a note for the balance 5-6. 9-10. Sold for $5,000 cash the following equipment: cost, $57,500; 11-12. Sold on account for $8,000 the following equipment: cost, $32,000: 13-14. Recorded depletion, $18,500.. research and development expense, $40 7-8. Discarded equipment: cost, $83,750; accumulated depreciation, $82,750 accumulated depreciation, $55,000 9 10 accumulated depreciation, $15,000... 12 2 13 14