1.) On January 1, 2019, Ensenada Company accepts a $24,000, 2-year, 6% note from customer M. Woods as payment of a $24,000 merchandise purchase due December 31, 2020. Prepare the journal entry to record the sale of merchandise at January 1, 2019. Merchandise carried a cost of $18,000 to Ensenada Company. Date Accounts Debit Credit 2.) Prepare any entry needed at December 31, 2019. Date Accounts Debit Credit 3.) Assume M. Woods honors at the note at its maturity date. Prepare the journal entry to record this. Date Accounts Debit Credit