Question 5 of 10 0.33/1 View Policies Show Attempt History Current Attempt in Progress On December 31, 2020, Coronado Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Coronado 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 12%. Coronado is much more creditworthy and has various lines of credit at 6% (a) Your answer is correct Prepare the journal entry to record the transaction of December 31, 2020, for the Coronado Co. (Round present value factor calculations to 5 decimal places, es. 1.25124 and final answers to decimal places, e3.5,275. If 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 manually.) Account Titles and Explanation Debit Credit Notes Receivable 2020 Date Dec. 31, 264,600 Service Revenue 210.936 Discount on Notes Receivable 53,664 Question 5 of 10 0.33/1 ill Date Account Titles and Explanation Debit Credit Dec. 31 2020 Notes Receivable 264,600 Service Revenue 210,936 Discount on Notes Receivable 53,664 eTextbook and Media List of Accounts Attempts: 3 of 4 used (b) Assuming Coronado Co's fiscal year-end is December 31, prepare the journal entry for December 31, 2021. (Round answers to o decimal places, eg,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 manually) Date Account Titles and Explanation Debit Credit Dec 31, 2021 Question 5 of 10 0.33/1 III (b) Assuming Coronado Co's fiscal year-end is December 31, prepare the journal entry for December 31, 2021. (Round answers to decimal places, e... 5,275. If 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 manually) Date Account Titles and Explanation Debit Credit Dec. 31. 2021 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 4 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above