Homework 7 i 3 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. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1 points eBook 1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $190,000 in cash for the property. According to appraisals, the land had a fair value of $126.000 and the building had a fair value of $84.000. 2. On September 1, Tristar signed a $49,000 noninterest-bearing note to purchase equipment. The $49,000 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 selling for $3.400. 4. On September 18, the company paid its lawyer $7,500 for organizing the corporation. 5. On October 10. Tristar purchased maintenance equipment for cash. The purchase price was $24.000 and $950 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 $6.400 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 $29.000. It paid $2,000 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 note. Print References 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.) View transaction list View journal entry worksheet General Journal Debit Credit No 1 1 Dates September 01 Land Building Cash 2 September 01 Equipment Discount on notes payable Notes payable 3 September 15 Truck Revenue-donation of asset 4 September 18 Organization cost expense Cash 5 5 October 10 Equipment Cash 6 6 December 02 Equipment Common stock 7 December 10 Land Cash Notes payable