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Exercise #5 (20 pts) In 2018, Transmed purchased an equipment at 87,000 $. On January 1,2021. Accumulated depreciation was 22,000$. Transmed decided to trade in

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Exercise #5 (20 pts) In 2018, Transmed purchased an equipment at 87,000 $. On January 1,2021. Accumulated depreciation was 22,000$. Transmed decided to trade in its equipment with a new one that costs 79,000$ The dealer accepted to count the traded in equipment at 51,000$. Payment of balance to the dealer to be 50% in Cash and 50% with a 6%, 3 months note. Question A: Journalize the Purchase transaction in the books of Transmed. 10 pts Question B: On April 1,2021 Journalize the transaction in Transmed books. 10 pts

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