Montana Minerals sold coal to Beta Electric, receiving a six-month, noninterest-bearing note for $200,000. The fair value of the goods sold to Beta is $192,000. Montana uses a periodic inventory system, and views the financing component of this transaction to be significant Required: 1. Prepare the journal entry to record the sale. 2. Compute the effective annual rate of interest. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the sale. Note: Enter debits before credits. Transaction General Journal Debit Credit Pacord entre clear anto Villamaraliau Required: 1. Prepare the journal entry to record the sale. 2. Compute the effective annual rate of interest. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the effective annual rate of interest. (Round your answer to 2 decimal places.) Effective annual interest rate