Tristar Production Company began operations on September $1,2024.$ Listed below are a number of transactions that occurred during its first four months of operations.$\backslash$

On September $1,$ the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $$100,000$ in cash for the property. According to appraisals, the land had a fair value of $$75,000$ and the building had a fair value of $$45,000.$

On September $1,$ Tristar signed a $$40,000$ noninterest$-$bearing note to purchase equipment. The $$40,000$ payment is due on September $1,2025.$ Assume that $8\%$ is a reasonable interest rate.

On September $15,$ a truck was donated to the corporation. Similar trucks were selling for $$2,500.$

On September $18,$ the company paid its lawyer $$3,000$ for organizing the corporation.

On October $10,$ Tristar purchased equipment for cash. The purchase price was $$15,000$ and $$500$ in freight charges also were paid.

On December $2,$ Tristar acquired equipment. The company was short of cash and could not pay the $$5,500$ normal cash price. The supplier agreed to accept $200$ shares of the company's no$-$par common stock in exchange for the equipment. The fair value of the stock is not readily determinable.

On December $10,$ the company acquired a tract of land at a cost of $$20,000.$ It paid $$2,000$ down and signed a $10\%$ note with both principal and interest due in one year. Ten percent is an appropriate rate of interest for this note.

Prepare journal entries to record each of the above transactions.

Note: Note: Use tables, Excel, or a financial calculator. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your answers to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Answer is not complete.