The following selected transactions relate to liabilities of Interstate Farm Implements for December of 2013. Interstates fiscal year ends on December 31. Required: Prepare the appropriate journal entries for these transactions.

1. On December 15, received $14,500 from Bradley Farms toward the purchase of a $188,500 tractor to be delivered on January 6, 2014. (If no entry is required for an event, select "No journal entry required" in the first account field.)

2.During December, received $37,500 of refundable deposits relating to containers used to transport equipment parts. (If no entry is required for an event, select "No journal entry required" in the first account field.)

3.During December, credit sales totaled $900,000. 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.) (If no entry is required for an event, select "No journal entry required" in the first account field.)