Silver Associates sold a piece of equipment to Haber Company on June 1, 2020, for $860,000 Silver agreed to accept a 7-month, 9% note with interest due on its maturity date. December 31, 2020 Silver prepares financial statements only at its calendar wear-end Prepare the journal entries required to record the sale and the ful collection at maturity ignore cost of goods sold and inventory Prepare the journal entry required to record the sale (Record debits first, then credits Exclude explanations from any journal entries.) Silver Associates sold a piece of equipment to Haber Company on June 1, 2020 Account Nolas Receivable Sales Revenue June 1, 2020 860000 860000 Prepare the journal entry required to record the full collection at maturity. (Record debits first then credits Exclude explanations from any journal entries. Do not round intermediary calculations Only round the amount you enter in the input field to the nearest dollar Use "months" for any necessary calculations) Silver agreed to accept a 7 month. 9. nole with interest due on its maturity date December 31, 2020 Account December 31, 2020