Plant acquisitions for selected companies are as follows. 1. Coronado Industries Inc. acquired land, buildings, and equipment from a bankrupt company, Torres Co., for a lump-sum price of $784,000. At the time of purchase, Torress assets had the following book and appraisal values.

		Book Values			Appraisal Values
Land		$224,000			$168,000
Buildings		280,000			392,000
Equipment		336,000			336,000

To be conservative, the company decided to take the lower of the two values for each asset acquired. The following entry was made.

Land		168,000
Buildings		280,000
Equipment		336,000
Cash				784,000

2. Whispering Enterprises purchased store equipment by making a $2,240 cash down payment and signing a 1-year, $25,760, 10% note payable. The purchase was recorded as follows.

Equipment		30,576
Cash				2,240
Notes Payable				25,760
Interest Payable				2,576

3. Metlock Company purchased office equipment for $20,400, terms 2/10, n/30. Because the company intended to take the discount, it made no entry until it paid for the acquisition. The entry was:

Equipment		20,400
Cash				19,992
Purchase Discounts				408

4. Bonita Inc. recently received at zero cost land from the Village of Cardassia as an inducement to locate its business in the Village. The appraised value of the land is $30,240. The company made no entry to record the land because it had no cost basis. 5. Windsor Company built a warehouse for $672,000. It could have purchased the building for $828,800. The controller made the following entry.

Buildings		828,800
Cash				672,000
Profit on Construction				156,800

Prepare the entry that should have been made at the date of each acquisition. (Round intermediate calculations to 5 decimal palces, e.g. 0.56487 and final answers to 0 decimal places, e.g. 5,275. 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 0 for the amounts.)?