Question: Please help me with this question and show the steps. Thank you. The Sally Co. sold merchandise to the Tom Co.on June 30, 2021. Blue

Please help me with this question and show the steps. Thank you.

The Sally Co. sold merchandise to the Tom Co.on June 30, 2021. Blue paid $10,000 at the time of the sale. In addition, Sally Co accepted a noninterest-bearing note requiring Tom Co to pay $200,000 on June 30, 2024. Assume an interest rate of 8%. How much sales revenue should Sally Company record in fiscal year 2021?

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