GHI accepted a 2 year, $551,250 non-interest bearing note in exchange for goods delivered this year. The market rate of interest is 5%. How much should GHI recognize as sales revenue this year? How much interest income will GHI recognize this year and next year?

3. GHI accepted a 2 year, $551,250 non-interest bearing note in exchange for goods delivered this year. The market rate of interest is 5%. How much should GHI recognize as sales revenue this year? How much interest income will GHI recognize this year and next year? 3. GHI accepted a 2 year, $551,250 non-interest bearing note in exchange for goods delivered this year. The market rate of interest is 5%. How much should GHI recognize as sales revenue this year? How much interest income will GHI recognize this year and next year