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71 Tristar Production Company began operations on September 1, 2021. Listed below are a number of transactions that occurred during its first four months of

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71 Tristar Production Company began operations on September 1, 2021. Listed below are a number of transactions that occurred during its first four months of operations (FV of S1 PV of $1. FVA of S1, PVA Of S1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Sped BOON 1 on September 1, the company acquired five acres of land with a building that will be used as a warehouse Tristar paid $170,000 in cash for the property. According to appraisals, the land had a fair value of $125,400 and the building had a fair value of 564,600 2 on September 1. Tristar signed a $47.000 noninterest-bearing note to purchase equipment. The $47,000 payment is due on September 1, 2022. Assume that 8% is a reasonable interest rate 3. on September 15, a truck was donated to the corporation Similar trucks were selling for $3,200 4. On September 18, the company paid its lawyer $6,500 for organizing the corporation 5. On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $22.000 and $850 in freight charges also were paid 6 on December 2, Tristar acquired various items of office equipment The company was short or cash and could not pay the $6.200 normal cash price The supplier agreed to accept 200 shares of the companys no-par common stock in exchange for the equipment. The fair value of the stock is not readily determinable 7. on December 10, the company acquired a tract of land at a cost of $27000 lt paid $5,500 down and signed a 10% note with both principal and interest due in one year. Ten percent is an appropriate rate of interest for this note Pom Rotaroncos Required: Prepare journal entries to record each of the above transactions (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Round final answers to the nearest whole dollars.) View transaction et

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