On the 20th June 2023, Proton Motors Ltd sold inventories costing $120,000 to Electron Ltd for $100,000 on credit. At year-end, 70% of these goods remained in Electron Ltds closing inventory. Electron Ltd paid the outstanding balance to Proton Motors Ltd on 5th July 2023. We have recognized a loss of $20,000 from the sale which has reduced our taxes. Is there anything else we need to do? Please provide any necessary journal entries