Problem 7. Acquisition methods (18 points) Required: Write journal entries to record each of the following purchases: 1. Halliburton Company incurred the following costs in the acquisition of equipment. Invoice price Purchase discount lost Freight-in Installation Cost of trial runs $1,800 36 200 100 2. The president of Cat Corporation donated a building to Halliburton Corporation. The building had an original cost of $200,000, a book value of $75,000, and a fair market value of $180,000. To record this donation, Mandy would 3. Halliburton Company purchased three machines at an auction for the lump sum of $200,000. It cost Halliburton $20,000 to have the equipment delivered and installed. The equipment had fair values as follows: Machine 1 | Machine 2 Machine 3 $120,000 105,000 75,000 Date Account Debit Credit