154 points On January 1, 2023, Your Company issues a 5 year $750,000, zero-coupon note for $587,647.50, The implied interest rate is 5%. What is the journal entry to record interest. expense on 12/31/2023. DR Interest Expense $29,382; CR Discount on Note Payable $29,382 DR Interest Expense \$29,382; DR Discount on Note Payable \$8,118 CR Cash $37,500 Because this is a zero-coupon note no interest is recorded DR Interest Expense $37,500; CR Discount on Note Payable $37,500