Tristar Production Company began oper ts fist four montofoperations rations on September 1, 2018. Listed below are a number of transactions that occurred during o.PVo 1, EVA ot S1. PVA of S1, EVAD of $1 and PVAD of so cuse approprtate factortsl rom the tables 1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $120,000 in cash for the property. According to appraisals, the land had a fair value of $85,400 and the building had a foir value of $54.600 On s 2. On September 1, Tristar signed a $42,000 noninterest-bearing note to purchase equipment. The $42.000 payment is due on September 1, 2019. Assume that 9% is a reasonable interest rate. 3. On September 15, a truck was donated to the corporation. Similar trucks were selling for $2,700 4. On September 18, the company paid its lawyer $4,000 for organizing the corporation 5. On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $17,000 and $600 in freight charges also were paid. 6. On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $5,700 normal cash price. The supplier agreed to accept 200 shares of the company's nopar common stock in exchange for the equipment. The fair value of the stock is not readily determinable. 7. On D 10, the company acquired a tract of land at a cost of $22,000. It paid $3,000 down and signed a 11% note with both principal and interest due in one year. Eleven percent is an appropriate rate of interest for this note. t no entry is required for a transaction/event, se select "No journal entry required" in the first account field. Round final answers to the nearest whole dollars.) View Journal entry worksheet On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $120,000 in cash for the property According to appraisals, the land had a fair value of $85,400 and the building had a fair value of $54,600. 3 of 5 Next >