Coronado Ltd. needed funding to bridge the gap between paying its suppliers and collecting its receivables. As such, Coronado issued a $400,000, four-year, 9% note at face value to Easy Loan Bank on January 1, 2020, and received $400,000 cash. The note requires annual interest payments each December 31. Prepare Coronado'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 Jan. 1, 2020 Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit Prepare Coronado's journal entries to record the December 31, 2020 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 O for the amounts.) Date Dec. 31, 2020 Account Titles and Explanation Debit Credit