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  3. on december 31, 2025, whispering co. performed env

On December 31, 2025, Whispering Co. performed environmental consulting services for Hayduke Co. Hayduke was...

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Accounting

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On December 31, 2025, Whispering Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Whispering Co. agreed to accept a $282,400 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 12%. Whispering is much more creditworthy and has various lines of credit at 6%. (a) Prepare the journal entry to record the transaction of December 31,2025, for the Whispering Co. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, eg. 5,275. If no entry is required, select "No Entry" for the occount titles and enter 0 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.)

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