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CH 6 Tristar Production Company began operations on September 1, 2021. Listed below are a number of transactions that occurred during its first four months

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CH 6 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. Ef $1. PV of $1. EVAO S1.PVAO S1, EVAD of S1 and PVAD of $ (Use appropriate factor(s) from the tables provided) 285 1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $220,000 in cash for the property. According to appraisals, the land had a folt value of $151.200 and the building had a fair value of $88,800 2. On September 1, Tristar signed a $52000 noninterest bearing note to purchase equipment. The $52,000 payment is due on September 1, 2022. Assume that 10% is a reasonable interest rate 3. On September 15, a truck was donated to the corporation. Stilartrucks were selling for $3,700 4.On September 18, the company paid it iwyer $500 for organizing the corporation 5. On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $27000 and $1,100 in freight charges also were paid 6. On December 2. Tristar acquired various items of office equipment. The company was short of cash and could not pay the $6.700 normal cash price. The supplier agreed to accept 200 shes of the company's no por common stock in exchange for the equipment. The fair value of the stock is not readily determinable z on December 10, the company acquired a tract of londote cost of $32.000. It paid $3.500 down and signed a 12% note with both principal and interest due in one year Twelve percent appropriate cate of interest for this note. 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.) 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. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $220,000 in cash for the property. According to appraisals, the land had a fair value of $151.200 and the building had a fair value of $88,800. 2.On September 1. Tristar signed a $52.000 noninterest-bearing note to purchase equipment. The $52,000 payment is due on September 1, 2022. Assume that 10% is a reasonable interest rate. 3. On September 15, a truck was donated to the corporation. Similar trucks were seling for $3.700. 4. On September 18, the company paid its lawyer $3,500 for organizing the corporation 5. On October 10. Tristar purchased maintenance equipment for cash. The purchase price was $27000 and $1,100 in freight charges also were paid 6. On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $6.700 normal cash price. The supplier agreed to accept 200 shares of the company's 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 $32,000, it paid $3,500 down and signed a 12% note with both principal and interest due in one year. Twelve percent is an appropriate rate of interest for this

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