ANSWER C PLEASE!!

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

Tamarisk Co$.$ agreed to accept a $$296,200$ 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 $10\%.$ Tamarisk 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 $31,2025,$ for the Tamarisk Co$.($Round present value factor

calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.$ If no entry is required, select $"$No Entry" for

the account 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.$)$

$($b$)$

Your answer is correct.

Assuming Tamarisk Co$.\text{'}$s fiscal year$-$end is December $31,$ prepare the journal entry for December $31,2026.($Round answers to $0$

decimal places, e$.$g$.5,275.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles

are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.$)$

eTextbook and Media

List of Accounts

$($c$).$

Assuming Tamarisk Co$.\text{'}$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 $0$ 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.$)$

Date

Account Titles and Explanation

Dec. $31,$

$2027$

Debit

Credit

$($To record interest revenue$)$

$($To record collection of note$)$