Solve Two Exercises E8-1 and E9-6: E8-1 Presented below are selected transactions of Federer AG. Federer sells in large quantities to other companies and also sells its product in a small retail outlet. March.1 Sold merchandise on account to Lynda Co. for CHF3,800, terms 2/10, n/30. March.3 Lynda Co. returned merchandise worth CHF600 to Federer. March.9 Federer collected the amount due from Lynda Co. from the March 1 sale. March.15 Federer sold merchandise for CHF200 in its retail outlet. The customer used his Federer credit card. March.31 Federer added 1.5% monthly interest to the customer's credit card balance. Instructions Prepare journal entries for the transactions. E9-6 Xanadu A/S purchased a new machine on October 1, 2017, at a cost of 96,000. The company estimated that the machine will have a residual value of 12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2017. (b) Units-of-activity for 2017, assuming machine usage was 1,700 hours. (c) Declining-balance using double the straight-line rate for 2017 and 2018