Okay here's the question
The express company makes a sale to a customer. The price of the sale is 27,000. Express company accepts a 3 year note from the buyer. Additional info.

1) date of sale-march 1,2010
2)maturity date of note-march 1 2013
3)interest rate stated on note- 2%
4) market rate of interest for similar risk buyers -8%


Required: prepare the journal entries for the express company for march 1,2010; December 31 2010; march 1, 2011 and December 31,2011