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Question 6 1 points Save Answer In an exchange with commercial substance, Alpha Co. traded equipment with a cost of $7,700,000 and book value of $2,500,000 and gave $4,420,000 cash. The old machine had a fair value of $2,170,000. Which of the following journal entries would Alpha Co. make to record the exchange? OA. Equipment ..6,920,000 Equipment Cash .2,500,000 4,420,000 O B. Equipment 6,590,000 330,000 .5,200,000 .7,700,000 .4,420,000 7,700,000 4,420,000 12,120,000 Loss on Disposal.. Accumulated Depreciation.. Equipment Cash Equipment Accumulated Depreciation.. Equipment Cash Accumulated Depreciation... Equipment OC. O D. Equipment .6,590,000 5,530,000 .6,590,000 5,530,000