Hi, I am selling some equipment and inventory, cash will be received as well as an note receivable. Do I record the total note (with interest) with a deferred interest offset acct and recogize interest income with a reduction of deferred acct with each payment, or is it better to record just the princ note balance and record interst income with each payment? Also, I do end up with a gain, but because of the note, is there a deferred gain portion, recognized over the term of the note? How is that portion arrived at?