Vachn Company purchased an electric wax melter on April 30, 2025, by trading in its old gas model and paying the balance in cash Toe 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) lacks commerclat ubbtance. Vaughir's fiscal year ends on December 31. and depreciation has been recorded through December 31, 2024. iCredit account tibles are outomaticaliy indented when amount is entered. Do not indent manialiy. If no entry is required, select "No Entry" for the occount tities ond enter 0 for the amounts (ist all debit entries before credit entries) Wchangelacks commerstal substances Exchancelasks