Shabbona Corp operates a retail computer store. To improve delivery services to customers, the company purchases 4 new trucks on 4/1. The terms are below. What are the journal entries for each?

Truck #1 has a list price of $15,000 and is acquired for cash payment of $13,900

Truck #2 has a list price of $16,000. It is acquired in exchange for a computer system that Shabbona carries in inventory. The computer system cost $12,000 and is normally sold by Shabbon for $15,200. Perpetual inventory system is used.

Truck #3 has a list price of $14,000. It is acquired in exchange for 1,000 shares of common stock in Shabbona Corp. The stock has a par value of $10 per share and a market value of $13 per share.