GTT Company had the following transactions in $204$ :

a$.$ On $1$ January $204,$ a new machine was purchased at a list price of $$24,000.$ The company did not take advantage of a $5\%$ cash discount available upon full payment of the invoice within $30$ days. Shipping cost paid by the vendor was $$160.$ Installation cost was $$480,$ including $$160$ that represented $10\%$ of the monthly salary of the factory superintendent $($installation period, two days$).$ A wall was moved two metres at a cash cost of $$610$ to make room for the machine. The machine was considered to have two components; an engine valued at $$975($net$)$ and the general machine for the balance of the cost.

b$.$ On $1$ January $204,$ the company purchased an automatic counter to be attached to a machine in use; the cost was $$371.$ The estimated useful life of the counter was $7$ years, and the estimated life of the machine was $10$ years.

c$.$ On $1$ January $204,$ the company bought plant fixtures with a list price of $$2,475,$ paying $$825$ cash and giving a one$-$year, noninterest$-$bearing note payable for the balance. The current interest rate for this type of note was $15\%.$ Use the net method to record the note payable.

d$.$ During January $204,$ the first month of operations, the newly purchased machine became inoperative due to a defect in manufacture. The vendor repaired the machine at no cost to GTT; however, the specially trained operator was idle during the two weeks the machine was inoperative. The operator was paid regular wages $($$$455)$ during the period, although the only work performed was to observe the repair by the factory representative.

e$.$ During January $205,$ the company exchanged the electric motor on the machine in part $($a$)$ for a heavier motor and gave up the old motor and $$660$ cash. The market value of the new motor was $$1,370.$ The parts list showed a $$990$ cost for the original motor, and it had been depreciated in $204($estimated life, $10$ years$).$

$($PV of $$1,$ PVA of $$1,$ and PVAD of $$1.)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

Prepare the journal entries to record each of the above transactions as of the date of occurrence. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round time value factor to $5$ decimal places and