Required: 1. Prepare general journal entries for the transactions. If an amount box does not require an entry, leave it blank. Mitchell Parts Co. had the following plant asset transactions during the year: 1. Assets discarded or sold: Jan. 1 Motor #12, which had a cost of $2,960 and accumulated depreciation of $2,960, was discarded. 8 Motor #8, which had a cost of $4,330 and accumulated depreciation of $3,910, was sold for $190. 14 Motor #16, which had a cost of $5,500 and accumulated depreciation of $5,330, was sold for $410. 2. Assets exchanged or traded in: General Journal 1. Prepare general journal entries for the transactions. If an amount box does not require an entry, leave it blank. Page: 1