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Current Attempt in Progress On December 3 1 , 2 0 2 5 , Windsor Co . performed environmental consulting services for Hayduke Co .

Current Attempt in Progress
On December 31,2025, Windsor Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and
Windsor Co. agreed to accept a $262,700 zero-interest-bearing note due December 31,2027, as payment in full. Hayduke is
somewhat of a credit risk and typically borrows funds at a rate of 11%. Windsor is much more creditworthy and has various lines of
credit at 6%.
(a)
Your answer is correct.
Prepare the journal entry to record the transaction of December 31,2025, for the Windsor Co.(Round present value factor
calculations to 5 decimal places, e.g.1.25124 and final answers to 0 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 the amount is entered. Do not indent
manually. List all debit entries before credit entries.)
eTextbook and Media
List of Accounts
Assistance Used
Assistance Used
Attempts: 1 of 3 used
(b)
Your answer is partially correct.
Assuming Windsor Co.'s fiscal year-end is December 31, prepare the journal entry for December 31,2026.(Round answers to 0
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 the amount is entered. Do not indent manually. List debit entry before credit entry.)
Date
Account Titles and Explanation
Discount on Notes Receivable
Interest Revenue
Debit
Credit
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