Sold business, owner finance income

I recently sold my small business and am not clear how one would enter a couple of notes that I've carried back for the buyer.

Note 1 - let's say $1M, 6% interest accrues for two years without payments, then is paid to me by a monthly schedule for the next 96 months (6% interest through the remaining term as well).

We use cookies to deliver the best user experience and improve our site.