Not sure why my answers is wrong. please help/advise! thank you.

VEIGIAI vvurnal VENIE VICUIL 1 515,000 January 01, 2021 Notes receivable Discount on notes receivable Sales revenue 106,193 408,807 N 32,705 December 31, 202 Discount on notes receivable Interest revenue 32,705 3 35,321 December 31, 202. Discount on notes receivable Interest revenue 35,321 4 515,000 38,167 December 31, 202 Cash Discount on notes receivable Interest revenue Notes receivable 38,167 515,000 Exercise 7-20 (Static) Long-term notes receivable (L07-7] On January 1, 2021, Wright Transport sold four school buses to the Elmira School District. In exchange for the buses, Wright received a note requiring payment of $515,000 by Elmira on December 31, 2023. The effective interest rate is 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): Required: 1. How much sales revenue would Wright recognize on January 1, 2021, for this transaction? 2. Prepare journal entries to record the sale of merchandise on January 1, 2021 (omit any entry that might be required for the cost of the goods sold), the December 31, 2021, interest accrual, the December 31, 2022, interest accrual, and receipt of payment of the note on December 31, 2023. Journal entry worksheet 1 2 3 > Record the sale of goods on January 1, 2021 in exchange for the long term note. Note: Enter debits before credits. Credit Date General Journal January 01, 2021 Notes receivable Discount on notes receivable Debit 515,000 106,193 408,807 Sales revenue Journal entry worksheet Record the interest accrual on December 31, 2022. Note: Enter debits before credits. Credit Date General Journal December 31, 2022 Discount on notes receivable Interest revenue Debit 35,321 35,321 Journal entry worksheet 1 2 3 Record the interest revenue in 2023 and collection of the note. Note: Enter debits before credits. Debit Credit Date General Journal December 31, 2023 Cash Discount on notes receivable Interest revenue Notes receivable 515,000 38,167 38,167 515,000