Please help me understand how to solve problems like this one.

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Exercise 10 - 3 Waterway Corporation operates a retail computer store . To improve delivery services to customers , the company purchases four new trucks on April 1 , 2017 . The terms of acquisition for each truck are described below 1 . Truck # 1 has a list price of $ 29 , 550 and is acquired for a cash payment of $ 27 383 2 . Truck # 2 has a list price of $31 520 and is acquired for a down payment of $3 940 cash and a t - bearing note with a face amount of $27 580 . The note is due April 1 , zero - interest -bearing note wi laterway would normally have to pay interest at a rate of 9 / for such a borrowing , ing , and the dealership has an incremental borrowing rate of 8 % Truck # 3 has a list price of $31 520 . It is acquired in exchange for a computer system that Waterway carries in inve inventory . The computer system cost $ 23 640 and is normally sold by Waterway for $29 944 . Waterway uses a perpetual inve inventory system 4 . Truck # 4 has a list price of $27 580 . It is acquired in exchange for 920 shares of common stock in Waterway 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 Waterway Corporation ( Round present valu e factors to 5 decimal places , e. g . 0.5258 2587 and final answers to O 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 O for the amounts . ) No . Account Titles and Explanation