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Current Attemptin Progress Or haly 1.2025, Whisperibis ine made twosales 1. It sold land homing...

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Accounting

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Current Attemptin Progress Or haly 1.2025, Whisperibis ine made twosales 1. It sold land homing a fair value of $905,480 in extharge for a 4 - veat zero interest bearing promissacy note in the face amoont of $1,425,116. The lard is cerried on Whicpering's books at a cost uf $594,100 Whippiring inc recently had to pyy an interest tor maney thot it borrowed from British National Bank. The customers in theme two. trarsactions have crefit ratings that require them toberrow money at 12% hitereat. Record the two journal entries that should be recorded by Whispering Inc. for the sales transactions atove that took place on Ju. 2 . requirod, seicet "No Entry" for the octount titles and enter Ofor the anounts Credit acoount tidier are automotically indented when the amount Is entered, Do not indent manually. Lht all debit entries before credit entries]. Attempts 0 of 1 used

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