On December 31, 2020, Swifty Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Swifty Co. agreed to accept a $282,400 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 12%. Swifty is much more creditworthy and has various lines of credit at 6%. Your answer is correct. Prepare the journal entry to record the transaction of December 31, 2020, for the Swifty Co. (Round present value factor calculations to 5 decimal places, e.g. 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.) Credit Date Account Titles and Explanation Dec. 31, 2020 Notes Receivable Debit 282400 Service Revenue 225126 Discount on Notes Receivable 57274 eTextbook and Media List of Accounts - Your answer is partially correct. Assuming Swifty Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2021. (Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31, 2021 Discount on Notes Receivable 6873 Interest revenue 6873 Assuming Swifty Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2022. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31, 2022 Discount on Notes Receivable 50401 Interest Revenue 50401 (To record interest revenue) Cash 282400 Notes Receivable 282400 (To record collection of note)