On June 30, 2021, the Esquire Company sold merchandise to a customer and accepted a noninterest-bearing note in exchange the note requires payment of $36,000 on March 31, 2022. The fair value of the merchandise exchanged is $33.570 Esquio view the financing component of this contract as significant Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the good sold by December 31, 2021 interest accrual, and the March 31, 2022 collection 2. What is the effective interest rate on the note? Complete this question by entering your answers in the tabs below. Required 2 Required 1 Prepare fournal entries to record the sale of merchandise comit any entry that might be required for the cost of the good on my December 31, 2021 Interest accrual, and the March 31, 2022 collection (If no entry is required for a transaction/event, led journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list marksheet