please help

1. The equipment was purchased on account for $37.000. Credit terms were 3/10, n/30. Payment was made within the discount period and the company records the purchases of equipment net of discounts. 2. Connors gave the seller a noninterest-bearing note. The note required payment of $39,000 one year from date of purchase. The fair value of the equipment is not determinable. An interest rate of 10% properly reflects the time value of money in this situation. 3. Connors traded in old equipment that had a book value of $12,000 (original cost of $26,000 and accumulated depreciation of $14,000) and paid cash of $34,000. The old equipment had a fair value of $7,300 on the date of the exchange. The exchange has commercial substance. 4 Connors issued 1,500 shares of its nopar common stock in exchange for the equipment. The market value of the common stock was not determinable. The equipment could have been purchased for $36,000 in cash. Required: For each of the above situations, prepare the journal entry required to record the acquistion of the equipment.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Import a new list 1 Record the purchase of equipment on account. 2 Record the acquisition of equipment in exchange for a note. Record the exchange of old equipment for new equipment. 3 4 Record the acquisition of equipment by the issuance ofCredit stock