On December 31, 2020, Sarasota Co performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Sarasota Co agreed to accept a $264,600 zero-interest-bearing note due December 31, 2022 as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 1256. Sarasota is much more creditworthy and has various lines of credit at 6% Click here to view factor table (a) Your answer is correct Prepare the journal entry to record the transaction of December 31, 2020. for the Sarasota Co. (Round present volue factor calculations to decimal places, es. 1 25124 and final answers to decimal places, e85.275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles ore automatically indented when the amount is entered. De not indent manual) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Not Receivable 264600 Service Revenue 230836 Ourson Notes Revel $3664 e Textbook and Media List of Accounts Attempts: 2 of 3 used (b) Assuming Sarasota Co's fiscal year-endis December 31, prepare the journal entry for December 31, 2021. (Round answers to decimal places as 5.275. 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 many 9 Date Account Titles and Explanation Debit Credit Dec 31. 2021 e Textbook and Media List of Accounts SOL Attempts: 0 of 3 used Submit Anger (c) The parts of this question must be completed in order. This part will be available when you complete the part above