On March $1,2020,$ Stellar Company sold goods to Goosen Inc. for $\backslash (\backslash$$ $714,000\backslash )$ in exchange for a $5-$year, zero$-$interest$-$bearing note in the Previous question unt of $\backslash (\backslash$$ $1,203,132\backslash )($an imputed rate of $\backslash (11\backslash \%\backslash )).$ The goods have an inventory cost on Stellar's books of $\backslash (\backslash$$ $439,000\backslash ).($a$)$ Prepare the journal entries for Stellar on March $1,2020.($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 $\backslash (\backslash$mathbf$\{0\}\backslash )$ for the amounts.$)$ Mar. $1,2020($To record sales$)($To record cost of goods sold$)($b$)$ Prepare the journal entries for Stellar on December $31,2020.($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 $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31,2020$