Mitchell Parts Co. had the following plant asset transactions during the year:

1. Assets discarded or sold:

Jan. 1 Motor #12, which had a cost of $2,800 and accumulated depreciation of $2,800, was discarded.

8 Motor #8, which had a cost of $4,400 and accumulated depreciation of $4,000, was sold for $200.

14 Motor #16, which had a cost of $5,600 and accumulated depreciation of $5,400, was sold for $450.

2. Assets exchanged or traded in:

Feb. 1 Motor #6, which had a cost of $6,000 and accumulated depreciation of $4,800, was traded in for a new motor (#22) with a fair market value of $7,000. The old motor and $5,600 in cash were given for the new motor.

9 Motor #9, which had a cost of $5,500 and accumulated depreciation of $5,000, was traded in for a new motor (#23) with a fair market value of $6,500. The old motor and $6,200 in cash were given for the new motor.

REQUIRED

Prepare general journal entries for the transactions.