Chopin Engineering Corporation purchased conveyor equipment with a list price of $ 15,000. Presented below are three independent cases related to the equipment. ( Round to nearest dollar.)

(a) Chopin paid cash for the equipment 8 days after the purchase. The vendor’s credit terms are 2/ 10, n/ 30. Assume that equipment purchases are recorded gross.

(b) Chopin traded in equipment with a book value of $ 2,000 ( initial cost $ 8,000), and paid $ 14,200 in cash one month after the purchase. The old equipment could have been sold for $ 400 at the date of trade. ( The exchange has commercial substance.)

(c) Chopin gave the vendor a $ 16,200 zero- interest- bearing note for the equipment on the date of purchase. The note was due in one year and was paid on time. Assume that the effective- interest rate in the market was 9%.

Instructions:

Prepare the general journal entries required to record the acquisition and payment in each of the independent cases above. Round to the nearest dollar.