of $1,430,514. The land is carried on Sheffield's books at a cost of $97,100. 2. It rendered services in exchange for a 3%,8-year promissory note having a face value of $401,0,50 (interest payable annually). Sheffield 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 Sheffeld inc for the sales transactions above that took place on July 1. 2025. (Round present value foctor calculations to 5 decimal places, es. 1.25124 and final answers to 0 decimal places, es. 5,275, If no entry is required, select "No Entry" for the account titles and enter ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually (ist all debit entries before credit entries) of $1,430,514. The land is carried on Sheffield's books at a cost of $97,100. 2. It rendered services in exchange for a 3%,8-year promissory note having a face value of $401,0,50 (interest payable annually). Sheffield 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 Sheffeld inc for the sales transactions above that took place on July 1. 2025. (Round present value foctor calculations to 5 decimal places, es. 1.25124 and final answers to 0 decimal places, es. 5,275, If no entry is required, select "No Entry" for the account titles and enter ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually (ist all debit entries before credit entries)