$1.$ On July $31,2024,$ Seller Corporation $($an equipment manufacturer$)$ sold equipment to Purchasing Company that cost $$300,000.$ Seller received as consideration a $4\%$ interest$-$bearing note requiring $5$ payments of $$122,000($including interest$)$ on July $31.$ The first note payment is to be made on July $31,2024.$ The market rate of interest for a note of this type on July $31,2024,$ was $4\%.$

a$.$ Record the sale of equipment on July $31,2024$ on Seller$$s books.

b$.$ Record the entry$($s$)$ for the year ended $12/31/24,$ if any, associated with the sale of this equipment.

c$.$ Prepare the journal entry for Purchasing Company to record the purchase of the equipment on $07/31/24.$

d$.$ Prepare the journal entry for Purchasing Company to record the purchase of the equipment on $07/31/24.$