Sheridan Corp. sells idle machinery to Enyart Company on July 1, 2020, for $45,000. Sheridan agrees to repurchase this equipment from Enyart on June 30, 2021, for a price of $48,150 (an imputed interest rate of 7%). Prepare the journal entry for Sheridan for the transfer of the asset to Enyart on July 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 for the amounts.) Prepare any other necessary journal entries for Sheridan in 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.) Prepare the journal entry for Sheridan when the machinery is repurchased on June 30, 2021. (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 for the amounts.)