On December $31,2025,$ Wildhorse Co$.$ performed environmental consulting services for Hayduke Co$.$ Hayduke was short of cash, and Wildhorse Co$.$ agreed to accept a $$261,600$ 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 $10\%.$ Wildhorse is much more creditworthy and has various lines of credit at $6\%.$

Assuming Wildhorse 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 O for the amounts. Credit account

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

Date

Account Titles and Explanation

Debit

Credit

Dec. $31,$

$2026$