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Record journal entries for the following transactions of Telesco Enterprises. Jan. 1, 2018 Issued a $330,700 note to customer Abe Willis as terms of a

Record journal entries for the following transactions of Telesco Enterprises.

Jan. 1, 2018 Issued a $330,700 note to customer Abe Willis as terms of a merchandise sale. The merchandises cost to Telesco is $120,900. Note contract terms included a 36-month maturity date, and a 4% annual interest rate.

Dec. 31, 2018 Telesco records interest accumulated for 2018.

Dec. 31, 2019 Telesco records interest accumulated for 2019.

Dec. 31, 2020 Abe Willis honors the note and pays in full with cash.

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