Company X acquired the following assets: a- Truck for $40,000 with 10 years of useful life and $4,000 of residual value, giving a sudden payment of 10%.

b- Computer for $2,000 with 6 years of useful life and $200 residual value buy in cash.

c-Car for $38,500 with 4 years of useful life without residual value, paying suddenly $900 cash

d- Office furniture for $17,000 in cash with 5 years of useful life and $3,500 residual value

e- Issued 20,500 shares @ $20 pv, in exchange for a building valued at $400,000 and the land for $90,000. The building is 15 years old utility and $50,000 residual value.

Make the journal entries