Question
There are 7 journal entries. Tristar Comp-any Segan on September I. 202V Listed below are a number of transactions that occurred during its four months
There are 7 journal entries.
Tristar Comp-any Segan on September I. 202V Listed below are a number of transactions that occurred during its four months of operations- EYAES_I. EYA_QL$-I. and (use appropriate factor(s) from the tables provided.) On September I. the company acquired five acres o' 'and with a building that will be used as a warahouee Tristar paid S160.OOC in cash the propcr1V According to apprni3,1is. the land had fair value o' $"7.000 and the building had a fair value ot $63,000 2 On Septembet I. Tristat signed n S46.OOO noninterest-bearing note to purchase equipment. The S46.OOO payment due on September l, 2022 10'", interest 3 On Septembor IS. truck dona'ed to the corporatiotv Simitar trucks were for $3,100. d On SC-ptember company pa'd $6,000 10' the corporation. S On October 10, purchased equipment Cash, The pu'chasi_ price wos $21,000 freight wore paid 6, On December 2. acquired VMiOuS Of Office Tho Company Shot' Of cash could not pay the cash Tho supplier accept 200 shares or the compony's no-par Common stock the equipment. The tmr ot the is not readily detemtnabte. 7, On the company a tract Of at COSI Of $26,000. pa.d $5,000 down and Signed a note with both ptincipol and inte'est due in one year Twelve porcont is an appropriate rote of interest for this note.
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