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

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Tristar Production Company began operations on September 1, 2021. Listed below are a number of transactions that occurred during its first four months of operations. (EV of S1, PV of \$1. EVA of \$1. PVA of \$1, EVAD of $1 and PVAD of S1) (Use oppropriote factor(s) from the tables provided.) 1. On September 1, the compary acquired five acres of land with a building that will be used as a warehouse. Tristar paid $270,000 in cash for the property. According to appraisals, the land had a fair value of $185,600 and the building had a fair value of $104,400. 2. On September 1, Tristar signed a $57,000 noninterest-bearing note to purchase equipment. The $57,000 payment is due on September 1, 2022. Assume that 9% is a reasonable interest rate 3. On September 15. a truck was donated to the corporation. Simalar trucks were selling for $4,200. 4. On September 18, the company paid its lawyer $6,000 for organizing the corporation. 5. On October 10. Tristar purchased maintenance equipment for cash. The purchase price was $32,000 and $1,350 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 $7,200 normal cash price. The suppller 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. 7. On December 10, the company acquired a tract of land at a cost of $37.000. It paid $6.000 down and signed a 11\% note with both principal and interest due in one year. Eleven percent is an appropriate rate of interest for this note. Required: Prepare journal entries to record each of the above transactions. (If no entry is required for a transaction/evnt, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollars.)

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