Finkel sold merchandise to a customer in exchange for a four-year, noninterest-bearing note for $10,000. An equivalent loan would have a 10% interest rate. Finkel would record sales revenue on the date of sale equal to: a. $0 b. $10,000 c. The present value of $10,000, discounted at a 10% discount rate for four years d. $9,000, equal to $10,000 - (10% * $10,000) Follow-up questions: a. What is the present value amount? a. What is the journal entry for the sale? Scb. Assume that the transaction took place on the last day of the year, what is the journal entry on the last day of the following year