Question: I just need Dec 31 2017 entry.. where red boxes are. On January 1 , 2016, Crouser Company sold land to Chad Company, accepting a

I just need Dec 31 2017 entry.. where red boxes are.

On January 1 , 2016, Crouser Company sold land to Chad Company, accepting a 2-year, S150,000, non-interest-bearing note due January 1, 2018 The fair value of the land was $128,600.85 on the date ot sale Crouser purchased the land for S105,OOO on January 1 , 2010. Required: Prepare all the jowne/ entries on Crouser's books for January f, 2016: through January f, 2015 jn regerd to the Chad note

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