homework help (A) and (B) please, thank you!

Swifty Company purchased an electric wax melter en April 30, 2025, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase. Prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. Swifty's fical year ends on December 31 , and depreciation has been recorded through December 31.2024 (Credit account vitles are automatically indented when amount is entered. Do not indent manually. If no entry is required, lelect "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) Exchangehas commercial substance: (Torecord current depreciation) (To record exchangs of the equipment.) (b) Exchange facks commercial substance: (To record current depreciation) (To record exchange of the equipment.)