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12:55 QOOO 1 89% + Submission Apr 25 at 1:58 PM Current Attempt in Progress Your answer is partially correct. Oriole Engineering Corporation purchased conveyor equipment with a list price of $10,700. Presented below are three independent cases related to the equipment. (a) Oriole paid cash for the equipment 8 days after the purchase. The vendor's credit terms are 2/10,n/30. Assume that equipment purchases are initially recorded gross. (b) Oriole traded in equipment with a book value of $1,800 (initial cost $7,500), and paid $9,000 in cash one month after the purchase. The old equipment could have been sold for $400 at the date of trade. (The exchange has commercial substance.) (c) Oriole gave the vendor a $11,100 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 9%. Prepare the general journal entries required to record the acquisition and payment in each of the independent cases above. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final 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 for the amounts.) Credit No. Account Titles and Explanation Debit FILES COMMENTS RUBRIC Apr 25 at 1:58 PM Accounts Payable 9000 Cash 9000 (To record the payment on account.) Equipment c 10183 Discount on Notes Payable 917 Notes Payable 11100 (To record the purchase of equipment with a note.) Interest Expense 11100 Notes Payable Discount on Notes Payable 11100 Cash (To record the payment of the note.) e Textbook and Media COMMENTS FILES RUBRIC