? > C i Seoure l https://cmeas.wayne.edu.courses/76995/as CALCULATOR PRINTER VERSION BACK NEXI ENT RESOURCES Exercise 7-14 (Part Level Submission) On December 31, 2015, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Abbey Co, agreed to accept a $200,000 zero-interest-bearing note due December 31, 2017, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%, Abbey is much more creditworthy and has various lines of credit at 6%. Exe se 7-12 se 7-14 (Part Submission m 7-2 ? (a) Your answer is correct. Prepare the journal entry to record the transaction of December 31, 2015, for the Ed Abbey Co. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 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 o for the amounts. Credit account titles are automatlcally Indented when the amount Is entered. Do not indent manually.) Score Results by Study Date Account Titles and Explanation Debit Credit Dec. 31, 2015 Notes Receivable 200000 Service Revenue 165289 Discount on Notes Recelvable 34711 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHow ANSWER LINK TO TEXT LINK TO TEXT LINK 1O TEXI Attempts: 2 of 3 used O lype hene to search