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Tokyo Imports received a she-month, norinterest-bearing note for $100.000 from Tal Martin exchange for goods that have a fal value of $95.000. Tokyo uses a

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Tokyo Imports received a she-month, norinterest-bearing note for $100.000 from Tal Martin exchange for goods that have a fal value of $95.000. Tokyo uses a periodic inventory system, and view the financing component of this transaction to be significant Required: 1. Prepare the journal entry to record the sale 2. Compute the effective annual rate of interest Complete this question by entering your answers in the tabs below. Ret Required 2 Prepare the journal entry to record the sale. (If no entry is required for str und) e vent the journal entry the View transatlant Journal entry worksheet Record the Note: Enter dette for credits General Tokyo Imports received a month, noterest-bearing note for $100.000 from Tol Martine change for goods that have a fair value of $95.000. Tokyo uses a periodic inventory system, and views the financing component of this transaction to be significant Required: 1. Prepare the journal entry to record the sale 2. Compute the effective annual rate of interest Complete this question by entering your answers in the tabs below Required: Required 2 Compute the effective annual rate of interest (Round your answer to decals)

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