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Current Attempt in Progress Teal Mountain Inc. enters into an agreement on March 1, 2020, to sell aluminum ingots for $290,000 cash to Monty Metal Company. As part of this agreement, Teal Mountain also agrees to repurchase from Monty the ingots in 60 days at the original sales price of $290,000 plus 2%. Prepare the journal entry necessary on March 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Date Account Titles and Explanation Debit Credit March 1, 2020 e Textbook and Media List of Accounts Prepare the journal entry for the repurchase of the ingots on May 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Date Account Titles and Explanation Debit Credit May 1, 2020 eTextbook and Media List of Accounts