Brief Exercise 14-4 Headlands Ltd. needed funding to bridge the gap between paying its suppliers and collecting its receivables. As such, Headlands issued a $300,000, four-year, 9% note at face value to Easy Loan Bank on January 1, 2017, and received $300,000 cash. The note requires annual interest payments each December 31 Prepare Headlands's journal entries to record the note issuance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Prepare Headlands's journal entries to record the December 31, 2017 interest payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts Date Account Titles and Explanation Debit Credit Dec. 31, 2017