Current Attempt in Progress On July 1. 2025. Sheridan Inc. made two sales It sold land having a fair value of $919,890 in exchange for a d-year zero-interest-bearing promissory note in the face amount of $1,447.460. The land is carried on Sheridan's books at a cost of $599,700 It rendered services in exchange for a 398, 8-year promissory note having a face value of $404.320 (interest payable annually). Sheridan 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 Sheridan Inc. for the sales transactions above that took place on July 1, 2025. (Round present value factor calculations to 5 decimal places, 2.g. 1.25124 and final answers to O decimal places, e.g. 5.275. If no entry is required, select "No Entry" for the account titles and enter ( for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation Debit Credit July 1, 2025 July 1 2. 2025 eTextbook and Media List of Accounts