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On December 31, 2025, Wildhorse Co, performed environmental consulting services for Hayduke Ca. Hayduke was short of cash and Wildhorse Co. agreed to accept a

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On December 31, 2025, Wildhorse Co, performed environmental consulting services for Hayduke Ca. Hayduke was short of cash and Wildhorse Co. agreed to accept a $261,600 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%. Wildhorse is much more creditworthy and has various lines of credit at 6%. (a) Your ansiwer is partaily correet. Prepare thit louirnal entry to record ine traraaction of December 31. 2025, far the Wildhorse Co, fround present velue foctor calculations to 5 decimal ploces, ess 125124 and final answers to 0 decimai ploces, es 5,275, ff no en toy is nquared, atlect No Eithy for the arcount tities end enter of oo the amounts Credit account titles ure automatically indented when the amposmt is enteme. Do nat indens miruoly Uist dil debit entries befors crealit entries)

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