On January 2, Marx Ltd. sold merchandise on account to R. Joseph for $44,000, terms n/30. The company uses a perpetual inventory system and the merchandise originally cost $29,100. On February 1, R. Joseph gave Marx a five-month, 6% note in settlement of this account. Interest is due at the beginning of each month, starting March 1. On April 30, Marx's year end, annual adjusting entries were made. On July 1, R. Joseph paid the note and any remaining interest. Prepare the journal entries for Marx to record the transactions only on the dates listed above. (List all debit entries before credit entries. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan 2 Accounts Receivable Sales (To record sales) Cost of Goods Sold Inventory (To record cost of merchandise sold) Feb. 1 Notes Receivable Accounts Receivable April 30 Interest Receivable Interest Income July 1