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Tristar Production Company began operations on September 1 , 2 0 2 4 . Listed below are a number of transactions that occurred during its
Tristar Production Company began operations on September Listed below are a number of transactions that occurred during
its first four months of operations.
On September the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $
in cash for the property. According to appraisals, the land had a fair value of $ and the building had a fair value of
$
requires lines instead of On September Tristar signed a $ noninterestbearing note to purchase equipment. The $ payment is due on
September Assume that is a reasonable interest rate.
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