Question: Natale Enterprises, a major real estate developer, recently accepted a $ 10,000,000, five- year, 2% note receivable in exchange for products sold. Interest is paid

Natale Enterprises, a major real estate developer, recently accepted a $ 10,000,000, five- year, 2% note receivable in exchange for products sold. Interest is paid annually. The current market rate of interest is 6%. The note is not publicly traded. Prepare the journal entry to record the sale. Ignore cost of goods sold.

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