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Metlock Corp. sells idle machinery to Enyart Company on July 1, 2020, for $37.000. Metlock agrees to repurchase this equipment from Enyart on June 30,

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Metlock Corp. sells idle machinery to Enyart Company on July 1, 2020, for $37.000. Metlock agrees to repurchase this equipment from Enyart on June 30, 2021. for a price of $38,480 an imputed Interest rate of 4%) (a) Prepare the journal entry for Metlock for the transfer of the asset to Enyart on July 1, 2020. (Credit account obles are automatically indented when the amount is entered. Do not indent met ne entry mured, select "No entry for the cont ities and enter for the amounts.) Account Titles and Explanation Debit Credit List of Accounts Saver Attempt of lused (b) The parts of this westion must be completed in order. This part will be available when you complete the art (c) The particed in order that will be able when you complete the

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