The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December 2021. Interstate's fiscal year ends on December 31. Required: Prepare the appropriate journal entries for these transactions. 1. On December 15, received $16,000 from Bradley Farms toward the sale by Interstate of a $208,000 tractor to be delivered to Bradley on January 6, 2022. 2. During December, received $35,000 of refundable deposits relating to containers used to transport equipment parts. 3. During December, credit sales totaled $878,000. 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.) (For all requirements, if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 On December 15, received $16,000 from Bradley Farms toward the sale by Interstate of a $208,000 tractor to be delivered to Bradley on January 6, 2022. Note: Enter debits before credits. Event General Journal Debit Credit View transaction list 1 On December 15, received $16,000 from Bradley Farms toward the sale by Interstate of a $208,000 tractor to be delivered to Bradley on January 6, 2022. ale by 6, 2022. 2 During December, received $35,000 of refundable deposits relating to containers used to transport equipment parts. 3 During December, credit sales totaled $878,000. The state sales tax rate is 5% and the local sales tax rate is redit 2%. Note : = journal entry has been entered Record entry Clear entry View general journal