Monty Corp. was experiencing cash flow problems and was unable to pay its $126,000 account payable to Pronghorn Corp. when it fell due on September 30, 2023. Pronghorn agreed to substitute a one-year note for the open account. The following two options wore presented to Monty by Pronshorn: Option 1: A one-year note for $126,000 due September 30,2024 . Interest at a rate of 8% would be payable at maturity Option 2. A one-yearnon-interest-bearing note for $136,080. The implied rate of interest is 8%. Assume that Pronghorn has a December 31 year end. (a) Assuming Monty chooses Option 1, prepare the entries required on Pronghorn's books on September 30, 2023, December 31. 2023, and September 30, 2024. (Credit occount titles are automatically indented when the amount is entered. Do not indent mamually if no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Record journol entries in the order presented in the problem. List all debit entries before credit entries.)