Problem 7-7 on october 1, 2017, Novak Equipment Company sold a pecan-harvesting machine to valco Brothers Farm, Inc. neu of payment valco Brothers Arden a $170,800, 8% note (a realistic rate of interest for a note of this type). The note interest be paid annually on October Novak's financial statements are prepared on a calendar year basis. Assuming Valco Brothers Farm fulfills all the terms of the note, pr the necessary journal entries for Novak Equipment Company for the entire term of the note. Assume that Entry" g entries are not made on January 1, 2018 and January 1, 2019. entry is required, select No for the account titles and enter o for the amounts. credit account titles are automatically indented when the amount is entered. Do not indent manually. Date Account Titles and Explanation