Tristar production company began operations on september 1, 2011. listed below are a number of transactions that occurred during its first four months of operations. 1. on september 1, the company acquired five acres of land with a building that will be used as a warehouse. tristar paid $100,000 in cash for the property. according to appraisals, the land had a fair value of $75,000 and the building had a fair value of $45,000. 2. on september 1, tristar signed a $40,000 noninterest-bearing note to purchase equipment. the s40,ooo payment is due on september 1, 2012. assume that 8% is a reasonable interest rate. 3. on september 15, a truck was donated to the corporation. similar trucks were selling for s2,500. 4. on september 18, the company paid its lawyer s3,ooo for organizing the corporation. 5. on october 10, tristar purchased machinery for cash. the purchase price was s15,ooo and s500 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 s5,500 normal cash price. the supplier agreed to accept 200 shares of the company's nopar common stock in exchange for the equipment. the fair value of the stock is not readily determinable. 7.0n december 10, the company acquired a tract of land at a cost of $20,000. it paid s2,ooo down and signed a 1096 note with both principal and interest due in one year. ten percent is an appropriate rate of interest for this note. required: prepare journal entries to record each of the above transactions.