Plant acquisitions for selected companies are as follows. 1. Whispering Industries Inc. acquired land, buildings, and equipment from a bankrupt company, Torres Co., for a lump-sum price of $770,000. At the time of purchase, Torress assets had the following book and appraisal values.

		Book Values			Appraisal Values
Land		$220,000			$165,000
Buildings		275,000			385,000
Equipment		330,000			330,000

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

Land		165,000
Buildings		275,000
Equipment		330,000
Cash				770,000

2. Metlock Enterprises purchased store equipment by making a $2,200 cash down payment and signing a 1-year, $25,300, 10% note payable. The purchase was recorded as follows.

Equipment		30,030
Cash				2,200
Notes Payable				25,300
Interest Payable				2,530

3. Bonita Company purchased office equipment for $18,200, 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		18,200
Cash				17,836
Purchase Discounts				364

4. Windsor 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 $29,700. The company made no entry to record the land because it had no cost basis. 5. Sheridan Company built a warehouse for $660,000. It could have purchased the building for $814,000. The controller made the following entry.

Buildings		814,000
Cash				660,000
Profit on Construction				154,000

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.)