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On October 1, 2025, Marigold Equipment Company sold a pecan-harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Vaico Brothers Farm

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On October 1, 2025, Marigold Equipment Company sold a pecan-harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Vaico Brothers Farm gave Arden a 2-year, $169,200,8% note (a realistic rate of interest for a note of this type). The note required interest to be paid annually on October 1. Marigold's financial statements are prepared on a calendar-year basis. Assuming Valco Brothers Farm fulfills all the terms of the notejprepare the necessary journal entries for Marigold Equipment Company for the entire term of the note.(Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit (To record the collection of interest) (To record the collection of the note)

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