On december 31 2015 swifty co performed environmental


On December 31, 2015, Swifty Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Swifty Co. agreed to accept a $293,800 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 11%. Swifty is much more creditworthy and has various lines of credit at 6%. Prepare the journal entry to record the transaction of December 31, 2015, for the Swifty Co.

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Financial Accounting: On december 31 2015 swifty co performed environmental
Reference No:- TGS01696352

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