Brief Exercise 14-12 Oriole Corporation issued a 4-year, $53,000, 5% note to Greenbush Company on January 1, 2017, and received a computer that normally sells for $41,732. The note requires annual interest payments each December 31. The market rate of interest for a note of similar risk is 12%. Prepare Orioles journal entries for (a) the January 1 issuance and (b) the December 31 interest. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Brief Exercise 14-12 Oriole Corporation issued a 4-year, $53,000, 5% note to Greenbush Company on January 1, 2017, and received a computer that normally sells for $41,732. The note requires annual interest payments each December 31. The market rate of interest for a note of similar risk is 12%. Prepare Oriole's journal entries for (a) the January 1 issuance and (b) the December 31 interest. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Date Credit No. (a) January 1, 2017 (b) December 31, 2017 Open Show Work Click if you would like to Show Work for this