Brief Exercise 14-12 Pharoah Corporation issued a 4-year, $31,000 496 note to Greenbush Company on January 1 2017 and received a computer that normally sells for $24268. The note requires annual interest payments each December 31 . The market rate of interest for a note of similar risk is 11% Prepare Pharoah's journal entries for (a) the January 1 issuance and (b) the December 31 interest. (Round answers to O decimal places, e.g. 38,548. If no entry is required, select No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. No. (a) January 1, 2017 Date Account Titles and Explanation Debit Credit (b) December 31, 2017