Bramble Corporation issued a5-year, $84,000, zero-interest-bearing note to Garcia Company on January 1, 2017, and received cash of $84,000. In addition, Bramble agreed to sell merchandise to Garcia at an amount less than regular selling price over the5-year period. The market rate of interest for similar notes is11%.

Prepare Bramble Corporation's January 1 journal entry.

Please assist with determining the Discount on Notes Payable and Unearned Sales Revenue which should be the same amount.