Your company has acquired several pieces of equipment. Prepare the journal entry for the following transactions. A. You bought NEW equipment (equipment A) which had a market value of $32,000 and exchanged OLD equipment (equipment B) which cost $50,000, had a book value of $30,000, and a market value of $28,000 plus you paid $3,000 in cash. This transaction LACKS commercial substance. B. You bought NEW equipment (equipment C) which had a market value of $11,000 and exchanged OLD equipment (equipment D) which cost $20,000, had a book value of $12,000, and a market value of $13,000 plus you RECEIVED $2,000 in cash. This transaction HAS commercial substance. C. You bought equipment (equipment E) and paid for it with 3,000 shares of your $10 par common stock which has a book value of $19 per share and a market value of $26 per share. D. You bought equipment (equipment F) and signed a 6% note in which you agreed to make 48 monthly payments of $1,521 at the end of each month. Record (1) the purchase and (2) the payment at the END of the first month