Yaz Industries has $8 million of outstanding notes payable with California Bank due in 30 months.
In addition, Yaz currently owes $400,000 in interest. Yaz is in financial difficulty and renegotiates
to settle the debt. California Bank agrees to accept $6 million in cash and land with a fair value of
$1.2 million and an original cost of $1.5 million
Record the entry for Yaz for the restructuring of the debt
Account Name	DR	CR