Bramble Corp. was experiencing cash flow problems and was unable to pay is $100,000 account payable to Indigo Corp. when it fell dae on September 30, 2020. Indigo agreed to substitute a one-year note for the open account. The following two options were presented to Bramble by ago Corp. Option 1: A one year note for $100,000 due September 30, 2021. Interest at a rate of 10% would be payable at maturity, Option 2: A one-year non-interest bearing note for $110,000. The imple rate of interest is 10% Assume that Indigo Corp, has a December 31 year end tudy Assuming Bramble Corp, chooses Option 1. prepare the entries required on Indigo Corp books on September 30, 2020, December 31, 2020, and September 30, 2021. (Credit accounts are fatically indented when the amount is entered. Do not indent manually. Il ne entry is required, select "Mentry for the account titles and enter for the amounts. Round answers to decimal places 275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Electronics Inc. buys and sells photocopy equipment that are used in businesses across Ontario. The company follow IFRS, Unit selling prices range from $10,000 to $100,000. . Electronic Inc. sells a photocopy system to Centennial College on September 10th, 2020. The selling price for the photocopy equipment is usually $85,500. Electronic Inc. will also install the photocopy system. The estimated fair value of installing the photocopy system is $2,700. Electronic Inc. will also provide one year of maintenance service for the photocopy system. The fair value for the maintenance for the year is $1,800. Electronic Inc. sold the photocopy system with installation and maintenance to Centennial College for $85,000. The photocopy system cost Electronic Inc. $45,000 . . Centennial Inc. is obligated to pay Electronic Inc. $20,000 upon delivery of the photocopy system and the balance on November 15th. Electronic Inc, delivers the photocopy equipment on October 15th, 2020, and completes