Sarasota 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 $29,550and is acquired for a cash payment of $27,383.2.Truck #2 has a list price of $31,520and is acquired for a down payment of $3,940cash and a zero-interest-bearing note with a face amount of $27,580. The note is due April 1, 2018. Sarasota would normally have to pay interest at a rate of9% for such a borrowing, and the dealership has an incremental borrowing rate of8%.3.Truck #3 has a list price of $31,520. It is acquired in exchange for a computer system that Sarasota carries in inventory. The computer system cost $23,640and is normally sold by Sarasota for $29,944. Sarasota uses a perpetual inventory system.4.Truck #4 has a list price of $27,580. It is acquired in exchange for920shares of common stock in Sarasota Corporation. The stock has a par value per share of $10and a market price of $13per share.

Prepare the appropriate journal entries for the above transactions for Sarasota Corporation.(Round present value factors to 5 decimal places, e.g. 0.52587 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.)