During the current year, the following transactions were recorded by the general fund of Johnson

City:

i$.$ Purchase a new fire truck costing $342,000$ in cash.

ii$.$ Sold for $$75,000$ equipment acquired $10$ years ago for $$450,000.$

iii. Paid interest and principal on long term debt of $$250,000$ and $1,000,000$ respectively.

Prepare all journal entries made by Johnson City's general fund for the above transactions.