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On December 3 1 , 2 0 2 5 , Metlock Co . performed environmental consulting services for Hayduke Co . Hayduke was short of
On December Metlock Co performed environmental consulting services for Hayduke Co Hayduke was short of cash, and Metlock Co agreed to accept a $ zerointerestbearing note due December as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of Metlock is much more creditworthy and has various lines of credit at
a
Prepare the journal entry to record the transaction of December for the Metlock CoRound present value factor calculations to decimal places, eg and final answers to decimal places, eg If 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 entered. Do not indent manually. List all debit entries before credit entries.
Date Account Titles and Explanation
Debit
Credit
Dec.
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