Tristar Production Company began operations on September 1, 2021. Listed below are a number of transactions that occurred during its rst four months of operations. (FV of $1, PV of $1, FVA of $_1, PVA of $_1, FVAD of $1 and PVAD of $_1) (Use appropriate factor(s) from the tables provided.) 1. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $260,000 in cash for the property. According to appraisals, the land had a fair value of $187,600 and the building had a fair value of $92,400. 2. On September 1, Tristar signed a $56,000 noninterestbearing note to purchase equipment. The $56,000 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 $4,100. . On September 18, the company paid its lawyer $5,500 for organizing the corporation. . On October 10, Tristar purchased maintenance equipment for cash. The purchase price was $31,000 and $1,300 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 $7,100 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 December 10, the company acquired a tract of land at a cost of $36,000. It paid $5,500 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. mow Required: Preparejournal entries to record each of the above transactions. (If no entry is required for a transaction/event, select I'Nojournal entry required" in the rst account field. Round nal answers to the nearest whole dollars.) View transaction list Journal entry worksheet On September 1, the company acquired ve acres of land with a building that will be used as a warehouse. Tristar paid $260,000 in cash for the property. According to appraisals, the land had a fair value of $187,600 and the building had a fair value of $92,400. 7 Note: Enter debits before credits. September 01