Question: Lapar Enterprises, a major real estate developer, recently accepted a $ 19 comma 000 comma 000, 5-year, 1 % note receivable in exchange for products

Lapar Enterprises, a major real estate developer, recently accepted a $ 19 comma 000 comma 000, 5-year, 1 % note receivable in exchange for products sold. Interest is paid annually. The current market rate of interest is 7 %. The note is not publicly traded. Prepare the journal entry to record the sale. Ignore cost of goods sold

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