- On 1 July 2023, Cassie Ltd sells a computer to Ted Ltd The computer cost Cassie Ltd $9 000 Rather than selling the item for a cash price or a short-term claim for cash of $12 009, Cassie Ltd accepts a promissory note that requires Ted Ltd to make three annual payments of $5 000 each, the first one to be made on 30 June 2024 o The difference between the gross receipts and the current sales price represents interest revenue to be earned by Cassie Ltd over the period of the note The rate implicit in the arrangement is 12 per cent REQUIRED Provide the journal entries for Cassie Ltd for the years ended 30 June 2024, 2025 and 2026