-26 AM / Ramaling! 13 min CALORATOR HESSAGE HY INSTRUCTOR FLSCREEN PRINTER VERSION Exercise 7-14 On December 31, 2020, Martinez Co, performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Martinez Co. agreed to accept a $254,300 nero interest bearing note de December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 12. Martinez is much more creditworthy and has various lines of credit at Prepare the journal entry to record the transaction of December 31, 2020, for the Martinez Co. (Hound present value factor calculations to decimal places, n.. 1.25124 and final answers to de places, e.o. 5,275. Il no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entene not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Notes Receivable 254300 Service Revenue Discount on Notes Receiva