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Tristar Production Company began operations on September 1, 202t. Listed below are a number of transactions that occurred duting : its first four months of operations. FV of \$1. PY of S1, FVA of S1. PVA of S1, FVAD of \$1 and PVAD of St) (Use appropriate factorfs) trom the tables provided.) 1. On September 1, the company acquired five acres of land with a bu lding that will be used as a warehouse. Tristar paid Sige. Oo0 in cash for the property. According to appraisals. the land had a falr value of $126.000 and the builkiny had a fair value of 584,000 . 2. On September 1. Tristar signed a $49.000 noninterest-bearing note to purchase equipment. The $49.000 payment is due on September 1, 2022. Assurne that 10% is a reasonable interest rate. 3. On September 15, a truck was donated to the corporation. Similar trucks were selling for $3.400. 4. On 50ptember18, the company paid its lawyer $7,500 for organizing the corporation. 5. On October 10. Tristar purchased maintenance equipenent for cash. The purchase price wes $24.000 and $950 in freight charges also were paid. 6. On December.2. Tristar accuired various items of offce ecuipment. The compamy was short of cash and could not pay the 56.400 normal cash price. The supplier agreed to accept 200 shares of the company's no-par common stock in exchange for the equlpment. The fair value of the stock is not readify determinable. 7. On December 10, the company acqulred a tract of land at a cost of $29,000. it pald $2,000 down and signed a 12 her, note with boef princlpal and interest due in one year. Twelve percent is an appropriate rate of interest for this note. Redulred: Prepare journal entries to record each of the above transactions. (af no entry is required for a transaction/event, select "No journar entry required" in the first account field. Aound final answers to the nearest whole dollars.) Journal entry worksheet On October 10 , Tristar purchased maintenance equipment for cash. The purchase price was $24,000 and $950 in freight charges also were paid. Note: Cnter debts before oredis. Required: Prepare joumal 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.) Journal entry worksheet On December 2, Tristar acquired various items of office equipment. The company was short of cash and could not pay the $6,400 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: Wotel Enter debis before credas. repare journal entries to record each of the above transactions. (If no entry is required for a transaction/event, select "No joumal intry required" in the first account field. Round final answers to the nearest whole dollars.) Journal entry worksheet

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