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can i please get help with this intermediate accounting question its due in 3 hours On June 30, 2024, the Esquire Company sold merchandise to

can i please get help with this intermediate accounting question its due in 3 hours
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On June 30, 2024, the Esquire Company sold merchandise to a customer and accepted a noninterest-bearing note in exchange. The note requires payment of $48,000 on March 31,2025 . The fair value of the merchandise exchanged is $44,760. Esquire views the financing component of this contract as significant. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold). any December 31,2024 interest accrual, and the March 31,2025 collection. 2. What is the effective interest rate on the

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