Question: Please send me the answer ASAP. Thanks so much! On January 1st, 2020, the Maryam Vazirian Corporation receives a four-year, $50,000, zero-interest-bearing note in payment

Please send me the answer ASAP. Thanks so much! On January

Please send me the answer ASAP. Thanks so much!

On January 1st, 2020, the Maryam Vazirian Corporation receives a four-year, $50,000, zero-interest-bearing note in payment of goods sold to be paid on December 31st, 2023. The value of the inventory was $20,000. The present value of the note equals the agreed upon sales price of $32,937. Required: 1. Prepare the journal entry to record the sale on January 1st, 2020. 2. Prepare the journal entry to record the interest accrual on December 31st, 2020. 3. Prepare the journal entry to record the payment on December 31st, 2023

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