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Sunland Inc. initiated a major company expansion on January 4. 2025. During the first quarter of 2025, Sunland acquired several assets that were placed into

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Sunland Inc. initiated a major company expansion on January 4. 2025. During the first quarter of 2025, Sunland acquired several assets that were placed into production on July 1, 2025. The following costs were incurred: Purchase of Warehouse; exchanged 900 shares of Sunland stock with a par value of $5 per share. Sunland stock is currently trading at $100 per share. Based on this information, prepare the necessary journal entries to record the asset acquisitions assuming that all assets were purchased for cash except for the warehouse. (Credit account titles are automatically indented when amount is entered. Do no 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.)

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