Chapter 10 Pre-Builit Problems Help Sa Its first four months of operations. (EV of $1. PV of $1. FVA of $1, PYA of $1, EVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided.) 10 1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $210,000 in 2. On September 1, Tristar signed a $51,000 noninterest- aisals, the land had a fair value of $142,600 and the building had a fair value of $87,400. bearing note to purchase equipment. The $51,000 payment is due on September 1, 2019, Assume that 9% is a reasonable interest rate. 4. On Se 5. On October 10, Tristar eBock 3. On September 15, a truck was donat ed to the corporation, Similar trucks were selling for $3,600. r $3,000 for organizing the corporation. mber 18, the company paid i its lawye purchased maintenance equipment for cash. The purchase price was $26,000 and $1,050 in freight charges r acquired various items of office equipment. The company was short of cash and could not pay the $6,600o st of $31,000. It paid $3,000 down and signed a 11% note with both Print also were paid. normal cash price. The supplier agreed to accept 200 shares of the compa equipment. The fair value of the stock is not readily determinable. ny's nopar common stock in exchange for the 7. On December 10, the company acquired a tract of land at a co principal and interest due in one year. Eleven percent is an appropriate rate of interest for this note. Required 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.) Journal entry worksheet K Prev 11 of 14 Next>