On December 31, 2023, Culver Co. performed environmental consulting services for Larkspur Co. Larkspur was short of cash, and Culver Co. agreed to accept a $100,000 zero-interest-bearing note due December 31, 2025, as payment in full. Larkspur is somewhat of a credit risk and typically borrows funds at a rate of 11%. Culver is much more creditworthy and has various lines of credit at 6%. Click here to view factor tables (a) Prepare the journal entry to record the transaction of December 31, 2023, for Culver Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit

On December 31, 2023, Culver Co. performed environmental consulting services for Larkspur Co. Larkspuir was short of cash, and of a credit risk and typically bor rows funds at a rate of 11%. Culver is much morecreditworthy and has various lines of credit at 6% Click here to view factor tables (a) Prepare the journal entry to record the transaction of December 31,2023 , for Culver Ca (Round present value foctor calculations to 5 decimal places, es. 1.25124 and final answers to 2 decimal places, es, 5,275,25. Credit account titles are outomatically indented when the amount ls entered, Do not indent manualty, if no entry le repuired, seled. No Entry" for the account titles and enter O for the amounts. Uist all debit entries before credit entries)