On January 2021 Richardson Logging corp sold many logs to Reiber inc for 50,000 down and a noninterst bearing note of 555,000 due in 3 equal payments each Decemebr 31. Richardson can borrow at 6%. Richardson paid 325,000 for the logs and uses a perpeatual inventory record

what are the journal entries for Richardson on the sale

what is the ammorization table for Richardson

what are the entries needed for Richardson on December 31 2023