1. The Golf Cart Store sells electric golf carts. On June 30, 2019 Golf Cart Store sold a golf cart for a sales price of $3,500 on account. The sales tax on the sale is 7%. Cost of Goods Sold is $1,500. Prepare the complete journal entry for this sale including sales tax and Cost of Goods Sold. (6 points) Accounts DR CR Date 6/30/19 2. Pelican Inc. buys a 10-year bond at face value in the amount of $775,000 on January 1, 2020. The bond pays 6% interest on June 30 and December 31. The company intends to hold the bond to maturity. Record Pelican Inc.'s journal entry for the receipt of the first 6 months of interest on June 30, 2020 AND record the receipt of the second 6 months interest on December 31, 2020 (6 points) CR Date 6/30/2020 Accounts Held to maturity Debt investment Cash DR 775,000 775,000 12/31/2020