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Current Attempt in Progress Sarasota Inc. has negotiated the purchase of a new plece of automatic equipment at a price of $300 plus trade in octor Sarasota Inc.pald $8,000 cash and traded in used equipment. The used that originally cost $66.200, it had a book value of $46.200 and a secondhand fair value of $52.580 an indicated by recent transactions involving similar equipment. Freight lestallation durges for the new equipment required a cash payment of $1.210 Prepare the general journal entry to record this transaction assuming that the exchanges commercial substance Credit account titles are automatically indented when amount is entered Do not indent manually. I no entry is required select "No Entry for the account title and enter for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media MacBook Pro