$1.$ How much sales revenue would Wright recognize on January $1,2024,$ for this transaction?

$2.$ Prepare journal entries to record the sale of merchandise on January $1,2024($omit any entry that might be required for the cost of the goods sold$),$ the December $31,2024,$ Interest accrual, the December $31,2025,$ Interest accrual, and recelpt of payment of the note on December $31,2026.$

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Prepare journal entries to record the sale of merchandise on January $1,2024($omit any entry that might be required for the cost of the goods sold$),$ the December $31,2024,$ interest accrual, the December $31,2025,$ interest accrual, and receipt of payment of the note on December $31,2026.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to nearest whole number.

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