On December $31,2025,$ Windsor Co$.$ performed environmental consulting services for Hayduke Co$.$ Hayduke was short of cash, and Windsor Co$.$ agreed to accept a $$262,700$ 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 $11\%.$ Windsor 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 Windsor Co$.($Round present value factor calculations to $5$ decimal places, eg$.1\mathrm{.}25124$ and final answers to $0$ decimal ploces, eg$.5,275.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are autamatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[\backslash$table$[[$Dec $31,],[2025]],$Notes Receivable,,$],[$Discount on Notes Receivable,,$49487],[$Service Revenue,,$213213]]$

eTextbook and Media

List of Accounts

Attempts: $1$ of $5$ used

$($b$)$

Your answer is correct.

Assuming Windsor Co's fiscal year$-$end is December $31,$ prepare the journal entry for December $31,2026.($Round answers to $0$ decimal places, e$..5,275.$ 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.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[\backslash$table$[[$Dec $31],[2026]],$Discount on Notes Recelvable,,$],[,$Interest Revenue,,$23453]]$

eTextbook and Media

List of Accounts

Attempts: $1$ of $5$ used

$($c$)$

Assuming Windsor Co'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.$)$

$($To record collection of note$)$