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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. (FV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of S1 and PVAD of S1) (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 $130,000 in cash for the property. According to appraisals, the land had a fair value of $93,000 and the building had a fair value of $57,000. 2. On September 1. Tristar signed a $43,000 noninterest-bearing note to purchase equipment. The $43,000 payment is due on September 1, 2022. Assume that 10% is a reasonable interest rate. 3. On September 15, a truck was donated to the corporation. Similar trucks were selling for $2,800. 4 on September 18, the company paid its lawyer S4,500 for organizing the corporation 5. on October 10. Tristar purchased maintenance equipment for cash. The purchase price was $18.000 and $650 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 $5,800 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 7. On December 10, the company acquired a tract of land at a cost of $23.000 It paid $3.500 down and signed a 12% note with both principal and interest due in one year. Twelve 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/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 1 2 3 4 5 6 7 On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $130,000 in cash for the property. According to appraisals, the land had a fair value of $93,000 and the building had a fair value of $57,000. Note: Enter debits before credits. Dates General Journal Debit Credit September 01 View transaction list Journal entry worksheet Journal entry worksheet On September 18, the company paid its lawyer $4,500 for organizing the corporation. Note: Enter debits before credits. Dates General Journal Debit Credit September 18 VIEWS -LONI list Journal entry worksheet

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