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Marigold Engineering Corporation purchased conveyor equipment with a list price of $9.100. Presented below are three independent cases related to the equipment. a. Marigold paid cash for the equipment 8 days after the purchase. The vendor's credit terms are 2/10,n/30. Assume that equipment purchases are initially recorded gross. b. Marigold traded in equipment witha book value of $2,000 (initial cost $8.400 ), and paid $8,800 in cash one month after the purchase. The old equipment could have been sold for $400 at the date of trade. (The exchange has commercial substance.) c. Marigold gave the vendor a $10,100 zere-interest-bearing note for the equipment on the date of purchase. The note was due in one year and was paid on time. Assume that the effective-interest rate in the market was 8 Prepare the general journal entries required to record the acquisition and payment in each of the independent cases above. (Round present value factor calculations to 5 decimal ploces, es. 1,25124 and final answers to 0 decimal places, es. 5.275. Credit account tities are outomotically indented when amount is entered. Do not indent manually. If no entry is required, sefect "No Entry" for the occount tides and enter O for the amounts. List all debit entries before credit entries. Prepare the general journal entries required to record the acquisition and payment in each of the independent cases above. (Round present value foctor calculations to 5 decimal places, es. 125124 and final answers to 0 decimal places, es, 5,275, Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. (ist all debit entries before credit entries) (To record the purchase of equipment onaccount.) (To record the payment on account.) c. (To record the purchase of equipment with a note.) (To record the payment of the note.)

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