On July 1, 2020 Blue Spruce Company made a $42,700 sale to a customer and accepted a noninterest-bearing note due June 30, 2022. A rate of 9% is reasonable for this type of transaction Prepare the joumal entries to record the sale and 2020 and 2021 year end adjusting entries (You may ignore the entry for the cost of merchandise sold): (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round factor value calculations to 5 decimal places, es 0.52755. Round answers to 2 decimal places, es. 5275) Date Account Titles and Explanation Debit Credit 2/1/2020 1251/2020