Tomas Company Trades in a Printing Press for a Newer

Tomas Company trades in a printing press for a newer model. The cost of the old printing press was $61,500, and accumulated depreciation up to the date of the trade- in amounts to $38,000. The company also pays $41,200 cash for the newer printing press. The journal entry to acquire the new printing press will require a debit to Equipment for:

A) $61,500.
B) $64,700.
C) $102,700.
D) $41,200.