aNo additional information

Note 5: Date 12/31/2019 Sold Equipment that has an cost of $150,000; The company received in exchange a down payment of $80,000 and a Note for $250,000 to be paid 12/31/22 The stated rate of interest for the note is 6%. Requirement A: Record the original transaction, for the seller. Record the transactions through 12/31/22