(Please provide an explanation so I can learn from this!!)

On 1/1/22, Berry Company sold equipment for a $750,000 and accepted in payment a zero-interest-bearing note due on 1/1/25. The prevailing rate of interest for a note of this type at 1/1/22 was 5%. What journal entry will Berry make to record this transaction? What adjustment will Berry need to make to accrue interest revenue in the 2022 income statement