Larkspur Corporation issued a 5-year, $63,000, zero-interest-bearing note to Brown Company on January 1, 2020, and received cash of $37,387. The implicit interest rate is 11%. Prepare Larkspur's journal entries for (a) the January 1 issuance and (b) the December 31 recognition of interest. (Round answers to 0 decimal places, eg. 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.) Date Account Titles and Explanation Debit Credit

Eurrent Attempt in Progress Larkspur Corporation issued a 5 year, $63,000. zero interest.bearing note to Brown Company on January 1, 2020, and received cish of $37,387. The implicit interest rate is 11% Prepare Larkspur's journal entries for (a) the January 1 issuance and (b) the December 31 recognition of interest. (Round answers to 0 decimal placess es. 38,548. II no entry is required, select 'No Entry' for the occount titles and enter Ofor the amounts. Credit accourt tities are autamatically indented when amount is entered. Do not indent manisally)