Metlock Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new

trucks on April $1,2025.$ The terms of acquisition for each truck are described below.

$,$ Truck #$1$ has a list price of $$31,350$ and is acquired for a cash payment of $$29,051.$

Truck #$2$ has a list price of $$33,440$ and is acquired for a down payment of $$4,180$ cash and a zero$-$interest$-$bearing note with a

face amount of $$29,260.$ The note is due April $1,2026.$ Metlock would normally have to pay interest at a rate of $9\%$ for such a

borrowing, and the dealership has a borrowing rate of $8\%.$

Truck #$3$ has a list price of $$33,440.$ It is acquired in exchange for a computer system that Metlock carries in inventory. The

computer system cost $$25,080$ and is normally sold by Metlock for $$31,768.$ Metlock uses a perpetual inventory system.

Truck #$4$ has a list price of $$14,460.$ It is acquired in exchange for $1,030$ shares of common stock in Metlock Corporation. The

stock has a par value per share of $$10$ and a market price of $$13$ per share.

Prepare the appropriate journal entries for the above transactions for Metlock Corporation. $($Round present value factors to $5$ decimal

places, eg$.0\mathrm{.}52587$ and final answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.$ Credit account titles are automatically indented when amount is entered.

Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts. List all debit entries before

credit entries.$)$