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19. A company received two one-year notes in payment for merchandise sold. One note had a face am ount of $6,000 and was interest-bearing at

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19. A company received two one-year notes in payment for merchandise sold. One note had a face am ount of $6,000 and was interest-bearing at an annual rate of 18 percent. The other note had a face amount of $7,080 and was non-interest-bearing (its implied interest rate was 18 percent). The total am ount of cash ultimately to be received will be more for the interest-bearing note. Both notes will cause the same total interest to be recognized. The amount of interest revenue, which should be recognized, is more for the interest-bearing note. The amount, which should be credited to sales revenue, is more for the non-interest-bearing note. The non-interest-bearing note shows a higher book value immediately after the sale

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