On December 31, 2025, Splish Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and

Splish Co. agreed to accept a $320,800 zero-interest-bearing note due December 31, 2027, as payment in full. Hayduke is somewhat

of a credit risk and typically borrows funds at a rate of 10%. Splish is much more creditworthy and has various lines of credit at 6%.

ANSWER C

Assuming Splish Co's fiscal year-end is December 31, prepare the journal entry for December 31, 2027. (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. List all debit entries before credit entries.)

OnDecember 31, 2025, Splish Ca performed enviranmental consulting services for Haydoke Co. Hayduke was short of cash and Splish Co agreed to accept a $320,800 aero-interest-bearine note due December 31, 2027, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10N,5 plish is much more creditworthy and has various lines of credit at 6%. (a) Drepate the foumal entry torecord ibe transaction of December 31, 2025, for the Spbsh Ca. (Round promt value foctor momuithr Ust elf debit entrile before credit entries) Assuming Splish Co.'s fiscal year-end is December 31, prepare the joumal entry for December 31, 2027. 0f no entry is required. select "No Entry" for the occount titles and enter O for the amounts. Crodit account titles are automatically indented when the amount is entered Do not indent manually. (ist all debit entries before credit entries)