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Required information (The following information applies to the questions displayed below.) Marshall Corporation purchased equipment and in exchange signed a three-year promissory note. The note requires Marshall to make equal annual payments of $20,000 at the end of each of the next three years, Marshall has other promissory notes that charge interest at the annual rate of 6 percent. 2. to 5. Show the journal entries to record the equipment purchase and the first payment, second payment, third payment of $20,000 at the end of the first second and third year respectively. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Round your final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet B C D Record the journal entry for the purchase of equipment. Note: Enter debits before credits View transaction list Part 2 of 2 Journal entry worksheet Record the journal entry for the purchase of equipment. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet C D Record the adjusting journal entry at the end of the first year to record the first payment of $20,000. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet