Riverbed Company purchased office equipment for $$51,900,$ terms $\frac{1}{10},\frac{n}{30}.$ Because the company intended to take the discount,

it made no entry until it paid for the acquisition. The entry was:

Marin Inc. recently received at zero cost land from the Village of Wellington as an inducement to locate its business in the Village.

The appraised value of the land is $$172,800.$ The company made no entry to record the land because it had no cost basis.

Headland Company built a factory for $$1,080,000.$ It could have purchased the building for $$1,296,000.$ The controller made the

following entry,

Prepare the entry that should have been made at the date of each acquisition. $($Round intermediate calculations to $4$ decimal palces, es$.$

$0\mathrm{.}5648$ and final answers to $0$ decimal places, es$.5,275.$ 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. List all debit entries before credit

entries.$)$