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Can you please help me correct those answers in all 3 parts? Exercise 7-14 On December 31, 2015, Ed Abbey Co. performed environmental consulting services

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Exercise 7-14 On December 31, 2015, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Abbey Co. agreed to accept a $200,000 zero-interest-bearing note due December 31, 2017, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. Abbey is much more creditworthy and has various lines of credit at 6%. Your answer is partially correct. Try again. Prepare the journal entry to record the transaction of December 31, 2015, for the Ed Abbey Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 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.) DateAccount Titles and Explanation Debit Credit Dec. 31, 2015Notes Receivable 178000 Service Revenue 178000 LIST OF ACCOUNTS Your answer is partially correct. Try again. Assuming Ed Abbey Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2016. (Round answers to O decimal places, e.g. 5,275 If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when :16 PM

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