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On January 2,2022, Vaughn SE sells goods to Geo Company in exchange for a zero-interest bearing note with face value of 9,100. with payment due

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On January 2,2022, Vaughn SE sells goods to Geo Company in exchange for a zero-interest bearing note with face value of 9,100. with payment due in 12 months. The fair value of the goods at the date of sale is 67,900( cost 64,740). Prepare the journal entries to record this transaction on January 2, 2022. (Credit account titles are automotically indented when amount is. entered, Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts) On January 2,2022, Vaughn SE sells goods to Geo Company in exchange for a zero-interest bearing note with face value of 9,100. with payment due in 12 months. The fair value of the goods at the date of sale is 67,900( cost 64,740). Prepare the journal entries to record this transaction on January 2, 2022. (Credit account titles are automotically indented when amount is. entered, Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts)

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