5) On November 1, 2019, Goliath Corporation bon 2020. Goliath Corporation's year-end is onath Corporation borrowed $100,000, 12%, 6 month note due May 1, orporation's year-end is December 31, 2019. Prepare the journal entries on ovember 1, 2019 and December 31, 2019 and May 1, 2020 for Goliath Corporation. Date Nov. 1, 2019 Account Name Debit Credit Dec. 31, 2019 May 1, 2020 6) On December 1, 2019, CAR MAX made a sale of its product with a sales price of $20,000 and also collected 6.35% sales tax. Prepare the journal entry for the sale of the product on December 1, 2019. Account Name Debit Credit Date Dec. 1, 2019