A company acquired equipment. Below are four independent situations relating to the acquisition of the equipment. 1. The equipment was purchased on account for $31,000. Credit terms were 2/10, n/30. Payment was made within the discount period and the company records the purchases of equipment net of discounts. 2. The company gave the seller a noninterest-bearing note. The note required payment of $33,000 one year from date of purchase. The fair value of the equipment is not determinable. An interest rate of 10% properly reflects the time value of money in this situation. 3. The company traded in old equipment that had a book value of $9,000 (original cost of $20,000 and accumulated depreciation of $11,000) and paid cash of $28,000. The old equipment had a fair value of $4,900 on the date of the exchange. The exchange has commercial substance. 4. The company issued 2,500 shares of its no-par common stock in exchange for the equipment. The market value of the common stock was not determinable. The equipment could have been purchased for $30,000 in cash. Required: For each of the above situations, prepare the journal entry required to record the acquisition of the equipment. Note: Use tables, Excel, or a financial calculator. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1)