Exercise 10-11 Your answer is partially correct. Try Windsor Engineering Corporation purchased conveyor equipment with a list price of $11,000Presented below are the independent cases to the comment (a) Windsor pand cash for the equipment 3 days after the purchase. The vendor credit terms are 2/10,30 Assume that t h (b) Windsor traded in equipment with a book value of $2,200 (til COM 57.000) and Dad $10.400 e wentely recorded cash one month after the purchase. The old pent could have been sold for $500 at the date oftade (The exchange has commercial substance.) (e) Windsor one the vendors $9,700 zero interest-bearing note for the equement on the date of purchase. The note was due in one year and was paid on time. Assume that s ective strate in the market was 10% Prepare the general joumal entries required to record the w sition and payment each of the dependent ses above (od present reach e s to decimales. e. 22nd final answers to decimal places, e.g. 5, 75. Cred account titles are automatically indeed whewamow i ted. Do not int e r que se entry for the account titles and enter for the amounts) No Me Titles and Explanation ment Accounts Payati (to record the purchase of equame COURS oment Gh (To record the payment on account tuomet I Derson of soto era sons.no