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On December 3 1 , 2 0 2 5 , Coronado Co . performed environmental consulting services for Hayduke Co . Hayduke was short of

On December 31,2025, Coronado Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and
Coronado Co. agreed to accept a $252,100 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 10%. Coronado is much more creditworthy and has various lines of
credit at 6%.
(a)
Prepare the journal entry to record the transaction of December 31,2025, for the Coronado Co.(Round present value factor
calculations to 5 decimal places, eg.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.)
List of Accounts
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(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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