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Nash Corporation operates a retail computer store. To improve delivery services to customers, the company purchases rour hew trucks on Aprit 1. 2025. The terms

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Nash Corporation operates a retail computer store. To improve delivery services to customers, the company purchases rour hew trucks on Aprit 1. 2025. The terms of acquisition for each truck are described below. 1. Truck "1 has a list price of $16,950 and is acquired for a cash payment of $15,707. 2. Truck a 2 has a list price of $18,080 and is acquired for a down payment of $2.260 cash and a zero-interest-bearing note with a face amount of 515,820 . The note is due April 1,2026. Nash would normally have to pay interest at a rate of 9% for such a borrowing and the dealership has a borrowing rate of B% 3. Truck A 3 has a list price of $18,080, it is acquired in exchange A a computer system that Nash carries in inventory. The. computer system cost $13560 and is normally sold by Nash fo 17,176 . Nash uses a perpetual inventory system. 4. Truck 44 has a list price of $14,420, it is acquired in exchange for 1,030 stares of common stock in Nash 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 Nash Corporation iRound present value factors to 5 decimal. ploces es 0.52587 and final answers to 2 decimol places es. 5275 . Credit account titles are cutomatically indented when amount is entered. Do not indent manually. If no entry is mequired, select "No Entry" for the occount titles ond enter 0 for the amounts. L ist all debit entrier before cedit entries.)

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