Sheridan Company purchased an electric wax meiter on April 30, 2025, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase Prepare the journal entries necessary to record this exchange. assuming that the exchange (a) has commercial substance, and (b) locks commercialsubstance. Sheridan's fiscal vear ends on December 31, and depreciation has been recorded through December 31,2024. ICredit account vities are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter D for the amounts. tist oll debit entries before credit entries)