1.) Sales Tax - Elegant Electronics sells a cellular phone on September 2 for $450 with a cost of $120. On September 6, Elegant sells another cellular phone for S500 that had a cost of $175. Sales tax is computed at 3.5% of the total sale. Elegant Electronics only accepts cash payments. Prepare journal entries for each sale and the remittance of all sales tax to the tax board on October 23. Round to 2 decimals when necessary Date Accounts Debit Credit Date Accounts Debit Credit 2.) Short-term notes payable transactions -Goldie Corporation takes out a $10.000 cash loan from its bank by signing a 16%, 9-month promissory note on May 1, 2020. a.) Prepare the journal entry to record the cash proceeds received from the loan on May 1, 2020. Date Accounts Debit Credit b.) Prepare any adjusting entry needed at December 31, 2020. Round to whole dollars. Date Accounts Debit Credit c.) Prepare the journal entry to record the maturity of the note. Round to whole dollars. Date Accounts Debit Credit