Problem 6 (10 points): Prepare journal entries to record acquisition and payment for the purehase of equipment when the purchase was initially on credit and when a traded-in asset is involved San Diego Engineering Corporation purchased conveyor equipment with a list price of $10,000 Presented below are three independent cases related to the equipment. (a) San Diego paid cash for the equipment 13 days after the purchase. The vendor's credit terms are 2/15, n/30 (b) San Diego traded in equipment with a book value of $3,000 (initial cost $8,000), 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 (i.e. on the date of trade, the old equipment traded in had a fair value of $400). The exchange has commercial substance. Prepare the general journal entries required to record the acquisition and payment in each of the independent cases above. There should be two journal entries (one for the purchase on Day 1, one for the payment) for (a). There should be two journal entries for (b), one for purchase and one for payment, as well