On October 1, 2020, BBQ Master sold one of its super deluxe combination gas/charcoal barbecues to a local builder. The builder plans to install it in one of its Parade of Homes houses. BBQ Master accepted a three-year, zero-interest-bearing note with a face amount of $5,324. The barbecue has an inventory cost of $2,700. An interest rate of 10% is an appropriate market rate of interest for this customer. Prepare the journal entries on October 1, 2020, and December 31, 2020. Show all calculations.