Recording Acquisition Costs Following are three separate cases. Prepare journal entries for each separate case for (a) equipment acquisition, and (b) cash 1. Equipment with a list price of $60,000 is purchased; terms are 2/10, n/30. Payment is made within the discount period. Ref . Equipment Cash b. Account Name Dr. Cr. 60,000 0 = 0 0 60,000 0 0 0 payment. 2. Equipment with a list price of $40,000 is purchased; terms are 2/10, n/30. Payment is made after the discount period. Any purchase discounts lost are recorded as interest expense. Note: Record debit accounts in alphabetical order using the first letter of the account name. Ref a b. Account Name Dr. Cr. 0 0 0 0 0 0 0 3. Equipment listed at $18,000 is purchased and invoiced at 2/10, n/30. To take advantage of the discount, the company borrows $16,000 by issuing a 60-day, 15% note, which is paid with interest at its maturity date. Ref Account Name Dr. Cr. a. = 0 0 = 0 0 b. 16,000 0 0 0 Please answer all parts of the question.