Dear Jacqueline,

Below are the transactions that require journal entries.

On February $3,$ Year $1,$ we received a quote for software development services from Lindbold's Website Design $($LWD$)$ totalling $$9,200,$ which is in line with similar quotes received. After discussions, KRI agreed to give boxes of high$-$end glossy paper to LWD and in return, LWD agreed to provide these services. The software will be designed to allow customers to order books online, which will expand KRI's sales. Currently, this paper is in our inventory at a cost of $$8,900($purchased January $29,$ Year $1).$ Normally we would use this paper in the printing of our books and these books would sell for a total value of $$15,400.$ The software provided by LWD is now fully functional and KSI has sent the paper to LWD$.$

On March $4,$ Year $1,$ we received a request from Spots Books Inc. $($SBI$),$ another children's book retailer, asking if we had the book "What Does. That Do$"$ in stock. At the same time, we had customers requesting a book entitled "Dogs Are Friends," which we did not have in inventory. It was agreed that SBI would ship us a carton of the books of "Dogs Are Friends" that has a cost of $$5,300$ and a sales value of $$6,900.$ In return, KRI would ship to SBI a carton of books entitled "What Does That Do$"$ Our inventory cost of these books is $$5,100$ and normally we could sell these books for $$7,200.$

On April $10,$ Year $1,$ we agreed to purchase three new computers for a total cost of $$7,100$ from Halstons Office Depot $($HOD$).$ We agreed this amount to the price list HOD provided. In return, we agreed to pay $$2,000$ cash plus transfer the ownership of three office desks. The three desks in total had an original cost of $$9,800$ and have a current net book value of $$4,500.$

Attached please find the memo on appraisals that I received yesterday.