Tristar Production Company began operations on September 1, 2021. Below are a number of transactions that occurred during its first four months of operations.

Show the journal entries to record the following:

On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $140,000 in cash for the property. According to appraisals, the land had a fair value of $100,000 and the building had a fair value of $60,000.

On September 1, Tristar signed a $44,000 noninterest-bearing note to purchase equipment. The $44,000 payment is due on September 1, 2022. Assume that 8% is a reasonable interest rate.

On September 15, a truck was donated to the corporation. Similar trucks were selling for $2,900.

On September 18, the company paid its lawyer $5,000 for organizing the corporation.

On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $19,000 and $700 in freight charges also were paid.

On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $5,900 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 $24,000. It paid $4,000 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.