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On 1-1, 2022 Sajeeda Sweets sold $240,000 of goods and accepted Samer's $240,000 10%; 2-years note receivable in exchange. Assuming 11% approximates the market rate

On 1-1, 2022 Sajeeda Sweets sold $240,000 of goods and accepted Samer's $240,000 10%; 2-years note receivable in exchange. Assuming 11% approximates the market rate of return.

13. Prepare Sajeedas journal entry for the initial transaction on 1-1, 2022.

14. Prepare the journal entry to recognize the interest for the first year 2022

15. Prepare the journal entry to recognize the interest for the second year 2023

with explanation please, thank you.

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