This is the question:

It sold land having a fair value of $911,000 in exchange for a 3-year zero-interest-bearing promissory note in the face amount of $1,245,914. The land is carried on Agincourts books at a cost of $592,200. It rendered services in exchange for a 4%, 6-year promissory note having a face value of $403,000 (interest payable annually). Agincourt Inc. recently had to pay 9% 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 11% interest. Record the two journal entries that should be recorded by Agincourt Inc. for the sales transactions above that took place on July 1, 2014. (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 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)