On June 30,2024 , the Esquire Company sold some merchandise to a customer for $50,000. In payment, Esquire ogreed to accept a 5% note requiring the payment of interest and principal on March 31, 2025. The 5% rate is appropriate in this situation. Required: 2. Prepare journal entries to record the sole of merchandise (omit any entry that might be required for the cost of the goods sold). the December 31, 2024 interest accruat, and the March 31, 2025 collection. 2. If the December 31 adjusting entry for the interest accrual is not prepared, by now much will income before income taxes be over- or understated in 2024 and 2025 ? Complete this question by entering your answers in the tabs below. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2024 interest occrual, and the March 31, 2025 collection. Note: if no entry is required for a transection/event, sefect "No journel entry required? in the first occount field. Do not round intermediote ediculotions. Journal entry worksheet