On July 31, 2020, a company purchased equipment for $142,800, paying $42.000 cash and signing a 5% note payable for the remainder. The interest and principal of the note are due on January 31, 2021 Prepare the journal entry to record the purchase of the equipment on July 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accountities and enter for the amounts) Debit Credit Date Account Titles and Explanation July 31/20 Show Time Prepare the journal entry to record the accrual of the interest at year end, November 30, 2020, assuming interest has not previously been accrued. (Credit account titles outomatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to the nearest whole dollar, es 5.275) Account Titles and Explanation Debit Credit Nov. 30/20 Date Prepare the journal entry to record the repayment of the interest and note on January 31, 2021. (Credit occount title ore automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to the nearest whole dollars. 5,275) Date Account Titles and Explanation Debit Credit Jan. 31/21