Homework: Week 6- Chapter 09 problems Save Score: 0 of 1 pt 3 of 6(1 complete) HW Score: 4.29%, 0.26 of 6 pts P10A-35A (similar to) EQuestion Help During 2016, Lenora Company completed the following transactions (Click the icon to view transactions) Record the transactions in the journal of Lenora Company. (Record debits first, then credits Select the explanation on the last line of the journal entry table.) Jan. 1: Traded in old office equipment with book value of $50,000 (cost of $117,000 and accumulated depreciation of $67,000) for new equipment Lenora also paid $85,000 in cash. Fair value of new equipment is $141,500. Assume the exchange had commercial substance. (Record a single compound journal entry) Date Accounts and Explanation DebitCredit Jan. 1 Choose from any list or enter any number in the input fields and then dlick Check Answer Check Answer Clear Al