1 2. Trock has ainst price of $20.00 and is acquired for a cash payment or 519,043 Truck #2 has a list price of $21.920 and is acquired for a down payment of $2,740 cash and a zero-interest-bearing note with a face amount of $19,180, The note is due April 1, 2021. Pearl would normally have to pay interest at a rate of 10% for such a borrowing and the dealership has an incremental borrowing rate of 8%. 3 Truck #3 has a list price of $21.920. It is acquired in exchange for a computer system that Pearl carries in inventory. The computer system cost $16,440 and is normally sold by Pearl for $20,824, Pearl uses a perpetual inventory system 4. Truck 4 has a list price of $19,180. It is acquired in exchange for 1,090 shares of common stock in Pearl Corporation. The stock has a par value per share of $10 and a market price of $13 per share, Prepare the appropriate journal entries for the above transactions for Pearl Corporation. (Round present value factors to 5 decimal places, es, 0.52587 and final answers to 2 decimal places, es 5275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) No. Account Titles and Explanation Debit Credit 1. Tricks 19043 Cash 19043 2. 2 Trucks 20176 Discount on Notes Payable 1744