Exercise 10-11 Jane Geddes Engineering Corporation purchased conveyor equipment with a list price of $16,700. Presented below are three independent cases related to the equipment. (a) Geddes paid cash for the equipment 8 days after the purchase. The vendor's credit terms are 2/10, n130. Assume that equipment purchases are initially recorded gross. (b) Geddes traded in equipment with a book value of $2,180 (initial cost $8,200), and paid $14,230 in cash one month after the purchase. The old equipment could have been sold for $440 at the date of trade. (The exchange has commercial substance.) (c) Geddes gave the vendor a $17,310 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 8%. Prepare the general journal entries required to record the acquisition and payment in each of the independent cases above. (Round answers to 0 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 0 for the amounts.)