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  3. on july 1, 2025, bramble inc. made two sales. 1. i

On July 1, 2025, Bramble Inc. made two sales. 1. It sold land having a...

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Accounting

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On July 1, 2025, Bramble Inc. made two sales. 1. It sold land having a fair value of $904,970 in exchange for a 4 year zero-Interest-bearing promissory note in the face anneunt of \$1,423,984, The land is carried on Bramble's books at a cost of \$596,000. 2. It rendered services in exchange for a 3%,8 year promissory note having a face value of $409,570 (interest payabie annualiy. Bramble inc. recently had to pay gx interest for money that it borrowed from fritish National Bark. The customers in these two transactions have credit ratings that require them to borrow monoy at 12 s interest. Record the two journal entries that should be recorded by Bramble inc. For the sales transactionsabove that took place on July 1 , 2025. (Round present value foctor calcilations to 5 decimal ploces, eg. 1.25124 and find answers to 0 dedimal ploces, eg 5.275, if ne entry his required, selcet "No Entry" for the account vitles ond enter Of for the amounts. Credit account billes are autematically indented when the anount Is entered, Do not indent manuolly List all debit entries before credit entrics)

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