On April 1, 2012, Green Company finished consultation services and accepted in exchange a note receivable with a face value of $600,000, a due date of April 1, 2015, and a stated rate of 6%, with interest receivable at the end of April 1. The note of this type of risk is considered to have an appropriate market rate of interest of 10%.

(1) Determine the total sales revenue Green Company recognized on April 1, 2012. show the work

(2) Provide all journal entires in 2012 and 2013.

show the work