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 $16,500 from Bradley Farms toward the sale by Interstate of a $214,500 tractor to be delivered to Bradley on January 6,2022. 2. During December, received $40,500 of refundable deposits relating to containers used to transport equipment parts. 3. During December, credit sales totaled $850,000. The state sales tax rate is 5% and the local sales tax is 2%. (This is a sumary 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.) Journal entry worksheet On December 15, received $16,500 from Bradley Farms toward the sale by Interstate of a $214,500 tractor to be delivered to Bradley on January 6,2022 Note: Enter debits before credits. Journal entry worksheet During December, received $40,500 of refundable deposits relating to containers used to transport equipment parts. Note: Enter debits before credits. Journal entry worksheet During December, credit sales totaled $850,000. The state sales tax rate is 5% and the local sales tax rate is 2%. Note: Enter debits before credits