On December $31,2025,$ Metlock Co$.$ performed environmental consulting services for Hayduke Co$.$ Hayduke was short of cash, and Metlock Co$.$ agreed to accept a $$318,100$ 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 $11\%.$ Metlock is much more creditworthy and has various lines of credit at $5\%.$

$($a$)$

Prepare the journal entry to record the transaction of December $31,2025,$ for the Metlock 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.$)$

Date Account Titles and Explanation

Debit

Credit

Dec. $31,2025$