Prepare journal entries to record the following transactions which are independent of each other. 1. a. On January 1, 2020, Shoppers Inc. issued a 9-month, 6%, $20,000 note in exchange for equipment. 6% is a prevailing interest rate on the market. 2. Ikeo Inc. sold $100,000 of gift cards during the last two weeks of December 2020. 3. Ulta Inc. allows each employee to earn 15 paid vacation days each year with full pay. Unused vacation time can be carried over to the next year. By the end of 2020, three employees carried over to 2021 a total of 20 vacation days. which represented 2020 salary of $6,000. Note: You may create a table as follows to organize your journal entries. Debit Credit Date Account titles 10.000 1 Cash Sales Revenue 10,000