Exercise 7-14 (Part Level Submission) On December 31, 2015, Nash Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Nash Co. agreed to accept a $296,600 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 12%. Nash is much more creditworthy and has various lines of credit at 6%. Collapse question part (a) Prepare the journal entry to record the transaction of December 31, 2015, for the Nash Co.