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Record journal entries for the following transactions of Wind Solutions. Jan 1, 2018 Issued a $2,359,100 note to customer Solar Plex as terms of a

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Record journal entries for the following transactions of Wind Solutions. Jan 1, 2018 Issued a $2,359,100 note to customer Solar Plex as terms of a merchandise sale. The merchandise's cost to Wind Solutions is $1,008,650. Note contract terms included a 24-month maturity date, and a 2.1% annual interest rate. Dec 31, 2018 Wind Solutions records interest accumulated for 2018. Dec 31, 2019 Wind Solutions converts Solar Plex's dishonored note into account receivable. This includes accumulated interest for the 24-month period. March 8, 2020 Wind Solutions sells the outstanding debt from Solar Plex to a collection agency at 25% of the accounts receivable value. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. Jan 1, 2018 - Record sale Jan. 1. 2018 - Cost of sale Dec 31, 2018 Dec. 31, 2019 HII Mar. 8, 2020

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