The following selected transactions relate to liabilities of Company A for December, Year $1.$ Company A$\text{'}$s fiscal year ends on December $31.$

Required:

Prepare the appropriate journal entries for these transactions.

On December $15,$ received $$13,500$ from Company B toward the sale by Company $A$ of a $$175,500$ machine to be delivered to Company B on January $6,$ Year $2.$

During December, received $$45,000$ of refundable deposits relating to shipping containers.

During December, credit sales totaled $$818,000.$ The state sales tax rate is $5\%$ and the local sales tax rate is $2\%.($This is a summary journal entry for the many individual sales transactions for the period.$)$

Note: For all requirements, if no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

$3$

On December $15,$ received $$13,500$ from Company B toward the sale by Company A of a $$175,500$ machine to be delivered to Company B on January $6,$ Year $2.$

Note: Enter debits before credits.

$\backslash$table$[[$Event$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,]]$