Assuming Splish Co's fiscal year-end is December 31, prepare the journal entry for December 31, 2026. (Raund answers to O

decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles

are automatically indented when the amount is entered. Do not indent manually, List debit entry before credit entry.)

On December 31, 2025, Splish Co, performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Splish Co. agreed to accept a $320,800 rero interest-bearing note due December 31, 2027, as payment in full. Hayduke is somewhat of a credit risk and typicaliy borrows funds at a rate of 104. 5 plish is much more creditworthy and has various lines of credit at 6%. (3) Your antwer is correct. Prepare the journal entry to record the tranaction of December 31, 2025, for the Splish Co. (Round present value foctor caiculations to 5 decimal places, es. 1.25124 and final answers to 0 decimal ploces, eg. 5,275. If no entry is required, seiect "No Entry" for the account titles and enter Ofor the omounts Credit occount tilles dre outomatically indented when the amount is entered Do not indent mawaby List all debit entries before creditentries. (b) Aswuming Spish Cels fitcalyear-end is December 31, prepare the journat entry for December 31, 2026. (Round answers to 0 dedind place, es 5,275. if no entry ls mequird select "No Entry" for the acoount tities and enter of for the omountc Credit occount cieles. ar oulbmatipoly indented when the amount isentered Do not indent menully. Ust debit entry betore crealt entyy! On December 31, 2025, Splish Co, performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Splish Co. agreed to accept a $320,800 rero interest-bearing note due December 31, 2027, as payment in full. Hayduke is somewhat of a credit risk and typicaliy borrows funds at a rate of 104. 5 plish is much more creditworthy and has various lines of credit at 6%. (3) Your antwer is correct. Prepare the journal entry to record the tranaction of December 31, 2025, for the Splish Co. (Round present value foctor caiculations to 5 decimal places, es. 1.25124 and final answers to 0 decimal ploces, eg. 5,275. If no entry is required, seiect "No Entry" for the account titles and enter Ofor the omounts Credit occount tilles dre outomatically indented when the amount is entered Do not indent mawaby List all debit entries before creditentries. (b) Aswuming Spish Cels fitcalyear-end is December 31, prepare the journat entry for December 31, 2026. (Round answers to 0 dedind place, es 5,275. if no entry ls mequird select "No Entry" for the acoount tities and enter of for the omountc Credit occount cieles. ar oulbmatipoly indented when the amount isentered Do not indent menully. Ust debit entry betore crealt entyy