Current Attempt in Progress

On July $1,2025,$ Wildhorse Inc. made two sales.

It sold land having a fair value of $$918,380$ in exchange for a $4-$year zero$-$interest$-$bearing promissory note in the face aimount of $$1,445,084.$ The land is carried on Wildhorse's books at a cost of $$592,400.$

It rendered services in exchange for a $3\%,8-$year promissory note having a face value of $$404,520($interest payable annually$).$

Wildhorse Inc. recently had to pay $8\%$ interest for money that it borrowed from British National Bank. The customers in these two transactions have credit ratings that require them to borrow money at $12\%$ interest.

Record the two journal entries that should be recorded by Wildhorse Inc. for the sales transactions above that took place on July $1.2025.($Round present value factor calculations to $5$ decimal places, eg $1\mathrm{.}25124$ and final answers to $0$ decimal piaces, eg $5,275.$ If no entsy is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are cutomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$