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xercise 18-22 heyenne Corp. sells idle machinery to Enyart Company on July 1, 2017, for $39,000. Cheyenne agrees to epurchase this equipment from Enyart on June 30, 2018, for a price of $41,340 (an imputed interest rate of 6%). Prepare the journal entry for Cheyenne for the transfer of the asset to Enyart on July 1, 2017. (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 0 for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare any other necessary journal entries for Cheyenne in 2017. (Crdit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is l nt titlee and enter 0 for the amounts. repare any other necessary journal entries for Cheyenne in 2017. (Credit account titles are utomatically indented when the amount is entered. Do not indent manually. If no entry is equired, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry for Cheyenne when the machinery is repurchased on June 30, 2018. (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 Debit Credit Jun. 30, 2018