On December 31, 2015, Flint Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Flint Co. agreed to accept a $140,000 zero-interest-bearing note due December 31, 2017, as payment in full. Hayden is somewhat of a credit risk and typically borrows funds at a rate of 11%. Flint is much more creditworthy and has various lines of credit at 6%.

Prepare the journal entry to record the transaction of December 31, 2015, for Flint Co.