Question: please help me with this journal entry! Journal Entry Assignment #10 Due: April 30 1 company purchased store equipment for $4,300 by trading in old

please help me with this journal entry!

Journal Entry Assignment #10 Due: April 30 1 company purchased store equipment for $4,300 by trading in old equipment with a cost of 2,000 and that had accumulated depreciation of $1,900 as of the exchange date. The company received a $75 trade-in allowance for the old equipment with the balance of $4,225 paid in cash Prepare the journal entry to record the exchange, assuming the transaction had commercial substance General Journal ace

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