Cardinals Corporation purchased a computer on December 31, 2013, for $110,775, paying $31,650 down and agreeing to pay the balance in five equal installments of $15,825 payable each December 31 beginning in 2014. An assumed interest rate of 9% is implicit in the purchase price. Prepare the journal entry at the date of purchase (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indent when 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. Round factor values to 5 decimal places, e.g. 1.25124.) Account Titles and Explanation Debit Credit Date December 31, 2013 Equipment Discount on Notes Payable Cash Notes Payable