1. Below are the journal entries for the seller (Jupiter Inc.); based on each of the entries listed, journalize the entry that the buyer (Mars Corp.)will need to make for the same transaction. June 1 Seller Accounts Receivable- Mars Corp. $12,000 Sales Sold merchandise on account $12,000 Cost of Merchandise Sold $8,200 Merchandise Inventory $8,200 July 1 Notes Receivable - Mars Corp $12,000 Accounts Receivable- Mars Corp 90-day, 10% note as settlement of account $12,000 Sept 29 Cash $12,300 Interest Revenue $300 Notes Receivable - Mars $12,300 Corp. Note paid by Mars Corp. on due date Buyer