The mortmain stream company (MSC) had following transactions during the year required formalize each transaction separately forego dates and tale your credit to cash MSC paid $500.000 to acquire and equipment at the time of the acquisition the coronary paid $50.000 for an appraisal which repealed the following values Land $150,000 $250,000 Equipment $200,000 MSC purchased they paid cash machinery at a cast of $200.000. They took advantage of a 2% discount also they paid $5.000 to have the machinery in sailed paid Trieste paid $3.000 in Trieste charge $2.000 in cost to conduct runs and $500 in repairs costs for to the machinery during installation [One journal entry with a credit to Cash]