On July 31, 2020, Vaughn Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery Construction begun immediately and was completed on November 1, 2020. To help finance construction, on July 31 Vaughn issued a $319,200, 3-year, 10% note payable at Netherlands National Bank, on which interest is payable each July 31. $228,200 of the proceeds of the note was paid to Minsk on July 31. The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at 8% untit November 1. on November 1. Vaughn made a final 591,000 payment to Minsk. Other than the note to Netherlands, Vaughn's only outstanding liability at December 31, 2020. is a $31.700.696. 6-year note payable dated January 1, 2017. on which interest is payable each December 31. Prepare the journal entries needed on the books of Vaughn Company at each of the following dates. (Credit account titles are 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.) (1) July 31, 2020 (2) November 1, 2020. (3) December 31, 2020 7/31 V Cash 319200 Notes Payable 3192 (To record the note) Machinery pey (To record the payment to Minsk) (To record the payment to Minsk) 12/31