On July 1, 2017, Flint Inc. made two sales. It sold land having a fair value of $914, 620 in exchange for a 4-year zero-interest-bearing promissory note in the face amount of $1, 339, 102. The land is carried on Flint books at a cost of $600, 100. It rendered services in exchange for a 4%, 8-year promissory note having a face value of $405, 130 (interest payable annually). Flint Inc. recently had to pay 7% 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 10% interest. Record the two journal entries that should be recorded by Flint Inc. for the sales transactions above that took place on July 1, 2017. (Round present value factor calculations to 5 decimal places, e.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 O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)