Tristar Production Company began operations on September 1, 2018. Listed below are a number of transactions that occurred during its first four months of operations. of $1, PV of $1. EVA of $1, PVA Of $1 FVAD of $1 and PVAD of $1) (Use approprlate factor(s) from the tables provlded.) 1. On September 1, the company acquired five acres of land with a bullding that will be used as a warehouse. Tristar pald $200,000 In cash for the property. According to appralsals, the land had a falr value of $134,200 and the building had a fair value of $85,800 2 On September 1, Tristar signed a $50,000 noninterest-bearing note to purchase equipment. The $50,000 payment Is due on September 1, 2019-Assume that 8% is a reasonable interest rate 3. On September 15, a truck was donated to the corporation. SImlar trucks were selling for $3,500. 4. On September 18, the company pald its lawyer $8,000 for organizing the corporation. 5. On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $25,000 and $1,000 In frelght charges also were pald. 6. On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $6,500 normal cash price. The supplier agreed to accept 200 shares of the company's nopar common stock In exchange for the equlpment. The falr value of the stock is not readily determinable 7, On December 10, the company acquired a tract of land at a cost of $30,000. It paid $2,500 down and signed a 10% note with both principal and Interest due In one year. Ten percent is an approprlate rate of Interest for this note Requlrec Prepare Journal entries to record each of the above transactions. (If no entry Is required for a transaction/event, select "No Journal entry required" In the first account field. Round final answers to the nearest whole dollars.) View transaction list 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 $200,000 in cash for the property According to appraisals, the land had a fair value of $134,200 and the building had a fair value of $85,800 Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general jourmal