Tamarisk Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new

trucks on April $1,2025.$ The terms of acquisition for each truck are described below.

Truck #$1$ has a list price of $$42,150$ and is acquired for a cash payment of $$39,059.$

Truck #$2$ has a list price of $$44,960$ and is acquired for a down payment of $$5,620$ cash and a zero$-$interest$-$bearing note with

a face amount of $$39,340.$ The note is due April $1,2026.$ Tamarisk would normally have to pay interest at a rate of $10\%$ for

such a borrowing, and the dealership has a borrowing rate of $8\%.$

Truck #$3$ has a list price of $$44,960.$ It is acquired in exchange for a computer system that Tamarisk carries in inventory. The

computer system cost $$33,720$ and is normally sold by Tamarisk for $$42,712.$ Tamarisk uses a perpetual inventory system.

Truck #$4$ has a list price of $$12,740.$ It is acquired in exchange for $900$ shares of common stock in Tamarisk Corporation. The

stock has a par value per share of $$10$ and a market price of $$13$ per share.

Prepare the appropriate journal entries for the above transactions for Tamarisk Corporation. $($Round present value factors to $5$ decimal

places, e$.$g$.0\mathrm{.}52587$ and final answers to $2$ decimal places, eg$.52\mathrm{.}75.$ 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.$)$

No$.$ Account Titles and Explanation

Debit

Credit

truc