On January 1, 2017, Flounder Co. sells property for which it had paid $676,700 to Sargent Company, receiving in return Sargents zero-interest-bearing note for $1,000,000 payable in 5 years. What entry would Flounder make to record the sale, assuming that Flounder frequently sells similar items of property for a cash sales price of $636,000? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Question 15 On January 1, 2017, Flounder Co. sells property for which it had paid $676,700 to Sargent Company, receiving in return Sargent's zero-interest-bearing note for $1,000,000 payable in 5 years. What r make to record the sale, assuming that Flounder frequently sells similar items of property for a cash sales price of $636, indented when the amount is entered. Do not indent manually. Date Account Titles and Explanation Debit Credit Jan. 1 Click if you would like to Show Work for this question: Open Show Work