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ABC company bought a machine for 1000 on jan 1st 2013 with a useful life of 5 years, paid cash. what are the accounting entries?

ABC COMPANY BOUGHT A MACHINE FOR 100 ON 1.1.13 WITH A USEFUL LIFE OF 5 YEARS, PAID CASH. 
 
ON 1.7.13 THE COMPANY EXCHANGED THE MACHINE AND PAID 500 FOR A CAR WITH A MARKET VALUE OF 1500. THE COMPANY ESTIMATED THE USEFUL LIFE OF THE CAR IS 3 YEARS. 
 
WHAT ARE ALL THE ACCOUNTING ENTRIES?

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