Whispering Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new

trucks on April $1,2025.$ The terms of acquisition for each truck are described below.

Truck #$1$ has a list price of $$33,150$ and is acquired for a cash payment of $$30,719.$

Truck #$2$ has a list price of $$35,360$ and is acquired for a down payment of $$4,420$ cash and a zero$-$interest$-$bearing note with a

face amount of $$30,940.$ The note is due April $1,2026.$ Whispering would normally have to pay interest at a rate of $10\%$ for

such a borrowing, and the dealership has a borrowing rate of $8\%.$

Truck #$3$ has a list price of $$35,360.$ It is acquired in exchange for a computer system that Whispering carries in inventory. The

computer system cost $$26,520$ and is normally sold by Whispering for $$33,592.$ Whispering uses a perpetual inventory

system.

Truck #$4$ has a list price of $$13,040.$ It is acquired in exchange for $920$ shares of common stock in Whispering Corporation.

The stock has a par value per share of $$10$ and a market price of $$13$ per share.

Prepare the appropriate journal entries for the above transactions for Whispering Corporation. $($Round present value factors to $5$

decimal places, e$.$g$.0\mathrm{.}52587$ and final answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.$ Credit account titles are automatically indented when amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries

before credit entries.$)$