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The following selected transactions relate to liabilities of interstate Farm implements for December of 2018. Interstate's fiscal year ends on December 31. Required: Prepare the

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The following selected transactions relate to liabilities of interstate Farm implements for December of 2018. Interstate's fiscal year ends on December 31. Required: Prepare the appropriate journal entries for these transactions 1. On December 15, received $6,500 from Bradley Farms toward the purchase of a $84,500 tractor to be delivered on January 6, 2019 2. During December, received $28,500 of refundable deposits relating to containers used to transport equipment parts. 3. During December, credit sales totaled $806,000. 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 llat Journal entry worksheet

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