Question: can you please answer this question Question 14 Carla Inc. has negotiated the purchase of a new piece of automatic equipment at a price of

can you please answer this question can you please answer this question Question 14 Carla Inc. has negotiated

Question 14 Carla Inc. has negotiated the purchase of a new piece of automatic equipment at a price of $9,440 plus trade-in, f.o.b. factory. Carla Inc. paid $9,440 cash and traded in used equipment. The used equipment had originally cost $73,160; it had a book value of $49,560 and a secondhand fair value of $56,404, as indicated by recent transactions involving similar equipment. Freight and installation charges for the new equipment required a cash payment of $1,298. Prepare the general journal entry to record this transaction, assuming that the exchange has commercial substance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work

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