Write a one-page memo to your manager explaining and detailing a minimum of one element found in Part A of your response to this option.

PART A:

Tristar Productlon Company began operations on September 1, 2021. Listed below are a number of transactions that occurred durling Its first four months of operations. (FV of $1. PV of $1. FVA of $1, PVA of $1. FVAD of $1 and (Use approprlate factor(s) fron the tables provided.) 1. On September 1, the company acquired five acres of land with a bullding that will be used as a warehouse. Tristar paid $280,000 in cash for the property. According to appralsals, the land had a falr value of $195,000 and the bullding had a falr value of $105,000. 2. On September 1, Tristar slgned a $58,000 nonInterest-bearing note to purchase equipment. The $58,000 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 corporatlon. Similar trucks were selling for $4,300. 4. On September 18 , the company pald its lawyer $6,500 for organizing the corporation. 5. On October 10. Tristar purchased maintenance equipment for cash. The purchase price was $33,000 and $1,400in freight charges also were pald. 6. On December 2, Tristar acquired varlous Items of office equipment. The company was short of cash and could not pay the $7,300 normal cash price. The supplier agreed to accept 200 shares of the company's no-par common stock in exchange for the equipment. The falr value of the stock is not readlly determinable. 7. On December 10 , the company acqulred a tract of land at a cost of $38,000. It pald $6,500 down and signed a 12% note with both principal and Interest due in one year. Twelve percent is an approprlate rate of Interest for this note. Required: Prepare journal entrles 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.)