Question: The information is the same as the previous question: On April 1, 2012, Green Company finished consultation services and accepted in exchange a note receivable

The information is the same as the previous question:

On April 1, 2012, Green Company finished consultation services and accepted in exchange a note receivable with a face value of $600,000, a due date of April 1, 2015, and a stated rate of 6%, with interest receivable at the end of April 1. The note of this type of risk is considered to have an appropriate market rate of interest of 10%.

(1) Determine the total sales revenue Green Company recognized on April 1, 2012.

(2) Provide all journal entires in 2012 and 2013.

will you please explain answers part 1, and 2 take you

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