Jan. 1, 2018 Issued a $338,700 note to customer Abe Willis as terms of a merchandise sale. The merchandise's cost to Telesco is $128,900. Note contract terms included a 36-month maturity date, and a 6% annual interest rate. Dec. 31, 2018 Telesco records interest accumulated for 2018. Dec. 31, 2019 Telesco records interest accumulated for 2019. Dec. 31,2020 Abe Willis honors the note and pays in full with cash. If an amount box does not require an entry, leave it blank. Jan. 1, 2018 To record sale in exchange for Notes Receivable: Willis, 36 -month maturity, 6% interest rate Jan. 1, 2018 To record the cost of sale Dec. 31,2018