On December 31, 2015, Pearl Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Pearl Co. agreed to accept a $85,000 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 10%. Pearl 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 Pearl Co.