The old machine originally cost $38,000, and on the date it was Brown Company decided to trade in an old machine for a new one. traded in, it had an accumulated depreciation of $21,280 new machine was $32,800. Brown Company was given a trade-in allowance of $19,100 for the agreed to pay the balance in cash. Required: pare the journal entry on Brown Company's records to record the trade-in transaction Note: No dates are necessary in the journal entry Account Title Debit Credit Date ^