Exercise 18-22 Marigold Corp. sells idle machinery to Enyart Company on July 1, 2020, for $49,000. Marigold agrees to repurchase this equipment from Enyart on June 30, 2021, for a price of $51,450 (an imputed interest rate of 5%). Prepare the journal entry for Marigold for the transfer of the asset to Enyart on July 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Cash 49000 Liability to Enyart Com 49000 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare any other necessary journal entries for Marigold in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31, 2020 Interest Expense Liability to Enyart Compan Prepare the journal entry for Marigold when the machinery is repurchased on June 30, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jun. 30, 2021 Interest Expense Liability to Werner Metal C (To record interest) Liability to Werner Metal C Cash (To record payment) CLIMA