Swifty Corp. sells idle machinery to Enyart Company on July 1, 2020, for $41,000. Swifty agrees to repurchase this equipment from Enyart on June 30, 2021, for a price of $43,870 (an imputed interest rate of 7%). Prepare the journal entry for Swifty 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 O for the amounts.) Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit Prepare any other necessary journal entries for Swifty 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.) Date Account Titles and Explanation Dec 31 Debit Credit