Mayer Delivery Co. had the following plant asset transactions during the year:

1. Assets discarded or sold:

Jan. 1 Van #11, which had a cost of $8,800 and accumulated depreciation of $8,800, was discarded.

8 Van #7, which had a cost of $9,400 and accumulated depreciation of $9,000, was sold for $200.

14 Van #13, which had a cost of $7,600 and accumulated depreciation of $7,400, was sold for $250.

2. Assets exchanged or traded in:

Feb. 1 Van #8, which had a cost of $11,000 and accumulated depreciation of $8,800, was traded in for a new van (#20) with a fair market value of $13,000. The old van and $10,500 in cash were given for the new van.

9 Van #3, which had a cost of $7,500 and accumulated depreciation of $7,000, was traded in for a new van (#21) with a fair market value of $9,500. The old van and $9,200 in cash were given for the new van.

REQUIRED

Prepare general journal entries for the transactions.