Part 3 A On January 10 a machine that cost $8,000 and on which $6,000 of depreciation had been recorded was trade in on a new machine of like purpose. The new machine could have been purchased without a trade-in fe $10,000. Give without explanations the general journal entries to record the exchange under each of th following unrelated assumptions: 1. The old machine and $9,000 in cash were given for the new machine, and the loss was recognized in th accounts. DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT 3. The old machine and S7,500 in cash were given for the new machine. DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT