Windsor Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2020. The terms of acquisition for each truck are described below.

1.		Truck #1 has a list price of $27,750 and is acquired for a cash payment of $25,715.
2.		Truck #2 has a list price of $29,600 and is acquired for a down payment of $3,700 cash and a zero-interest-bearing note with a face amount of $25,900. The note is due April 1, 2021. Windsor would normally have to pay interest at a rate of 9% for such a borrowing, and the dealership has an incremental borrowing rate of 8%.
3.		Truck #3 has a list price of $29,600. It is acquired in exchange for a computer system that Windsor carries in inventory. The computer system cost $22,200 and is normally sold by Windsor for $28,120. Windsor uses a perpetual inventory system.
4.		Truck #4 has a list price of $25,900. It is acquired in exchange for 1,060 shares of common stock in Windsor 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 Windsor Corporation. (Round present value factors to 5 decimal places, eg. 0.52587 and final answers to 2 decimal places, eg. 52.75. 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 for the amounts.) No. Account Titles and Explanation Debit Credit 1. Trucks 25,715 Cash 25,715 2. Trucks Discount on Notes Payable 2139 Cash 3700 Notes Payable 25900 3. Trucks Cost of Goods Sold Inventory Sales Revenue 4. Trucks Common Stock Paid-in Capital in Excess of Par - Common Stock