The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December 2024 . Interstate's fiscal year ends on December 31 . Required: Prepare the appropriate journal entrles for these transactions. 1. On December 15 , received $13,500 from Bradley Farms toward the sale by Interstate of a $175,500 tractor to be delivered to Bradley on January 6,2025. 2. During December, recelved $45,000 of refundable deposits relating to containers used to transport equipment parts. 3. 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 fleld. Journal entry worksheet On December 15, received $13,500 from Bradley Farms toward the sale by Interstate of a $175,500 tractor to be delivered to Bradley on January 6, 2025. Note: Enter debits before credits. The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December 2024 . Interstate's fiscal year ends on December 31. Required: Prepare the appropriate journal entries for these transactions. 1. On December 15 , recelved $13,500 from Bradley Farms toward the sale by Interstate of a $175,500 tractor to be delivered to Bradley on January 6,2025. 2. During December, recelved $45,000 of refundable deposits relating to containers used to transport equipment parts. 3. 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 fleld. Journal entry worksheet During December, received $45,000 of refundable deposits relating to containers used to transport equipment parts. Note: Enter debits before credits. The following selected transactions relate to liabilities of Interstate Farm Equipment Company for December 2024 . Interstate's fiscal year ends on December 31. Required: Prepare the approprlate journal entries for these transactions. 1. On December 15 , received $13,500 from Bradley Farms toward the sale by Interstate of a $175,500 tractor to be delivered to Bradley on January 6, 2025. 2. During December, recelved $45,000 of refundable deposits relating to containers used to transport equipment parts. 3. 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 perlod.) Note: For all requirements, If no entry is required for a transaction/event, select "No Journal entry required" in the first account fleld. Journal entry worksheet During December, credit sales totaled $818,000. The state sales tax rate is 5% and the local sales tax rate is 2%. Note: Enter debits before credits
