A company acquired equipment. Below are four independent situations relating to the acquisition of the equipment.

The equipment was purchased on account for $26,000. Credit terms were 3/10, n/30. Payment was made within the discount period and the company records the purchases of equipment net of discounts.

The company gave the seller a noninterest-bearing note. The note required payment of $28,000 one year from date of purchase. The fair value of the equipment is not determinable. An interest rate of 12% properly reflects the time value of money in this situation.

The company traded in old equipment that had a book value of $6,500 (original cost of $15,000 and accumulated depreciation of $8,500) and paid cash of $23,000. The old equipment had a fair value of $2,900 on the date of the exchange. The exchange has commercial substance.

The company issued 2,000 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 $28,000 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)