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On December 31,2020, Monty Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Monty Co. agreed to accept a $296,600 zero-interest-bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 12%. Monty is much more creditworthy and has various lines of credit at 6% Crick here to view factor table. Your answer is correct. Prepare the journal entry to record the transaction of December 31, 2020, for the Monty Co. (Round present value factor calculations to 5 decimal places, es. 1.25124 and final answers to 0 decimal places, es. 5,275. If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts. Credit occount tibles are outomatically indented when the amount is entered, Dor not indent manually? Assuming Monty Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2022. (If no entry is required, seiect "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 manualiy.) Assuming Monty Co's fiscal year-end is December 31, prepare the journal entry for December 31, 2021. (Round answers to 0 decimal places, es 5,275. If no entry is required, select " No Entry" for the account titles and enter 0 for the amounts. Credit account titles

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