View Policies -15 Quest Current Attempt in Progress Ayayai Corp. sells idle machinery to Blossom Company on July 1, 2020, for $36,000. Ayayai agrees to repurchase this equipment from Blossom on June 30, 2021, for a price of $38,160 (an imputed interest rate of 6%). Prepare the journal entry for Ayayai for the receipt of cash from Blossom on July 1, 2020. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Questi Accountin Questi Accounti Questi Accounti Questi Accounti Date Account Titles and Explanation July 1, 2020 Cash List of Accounts Debit Credit Viewin 5 Account Quest -15 E Quest Prepare any other necessary journal entry for Ayayai in 2020. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date December 31, 2020 Account Titles and Explanation Debit Credit Questi Accoursin Questi Accounti List of Accounts Prepare the journal entries for Ayayai when the machinery is repurchased on June 30, 2021. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Quest Account Quest Account Viewi 5 Accour Ques 15 Qu Prepare the journal entries for Ayayai when the machinery is repurchased on June 30, 2021. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Que Ace Date Account Titles and Explanation June 30, 2021 Interest Expen June 30, 2021 Material, Ca, Payab (To record interest expense) Material, Can, Payabl Cash (To record repayment) List of Accounts Credit Que Acto Ques Aca Ques Viewi