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Can someone help me with this too? Thanks At the beginning of the year, Lambert Motors issued the three notes described below Interest is paid

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At the beginning of the year, Lambert Motors issued the three notes described below Interest is paid at year-end. The company issued a two-year, 10%. $800,000 note in exchange for a tract of land. The current market rate of interest is 10%. Lambert acquired some office equipment with a fair value of $190,909 by issuing a one-year. $200,000 note. The stated interest on the note is 5%. The company purchased a building by issuing a five-year installment note. The note is to be repaid in equal installments of $1 million per year beginning one year hence The current market rate of interest is 11% Prepare the journal entries to record each of the three transactions and the interest expense at the end of the first year for each. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollar.)

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