Question: Please help, I dont know the PV factor to use or the values that go in the Credits On December 31, 2025, Nowak Co. performed
On December 31, 2025, Nowak Co. performed environmental consulting services for Hayduke Ca. Hayduke was short of cash, and Novak Co. agreed to accept a $337,600 zero-interest-bearing note du December 31,2027 , as payment in full. Hayduke is somewhat of a credit riskand typically borrows funds at a rate of 11%. Novak is much more creditworthy and has various lines of credit at 5%. (a) 6. Your answer is partially correct. Prepare the journal entry to record the transaction of December 31, 2025, for the Novak Co. (Round present value foctor calculations to 5 decimal ploces, es. 1.25124 and final answers to 0 decimal ploces, es. 5,275. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts. Credit occount titles ore automatically indented when the omount is entered. Do not indent manually. Llst all debit entries before credit entries.)
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