Monty Corporation issued a 4-year, $38,000, 4% note to Greenbush Company on January 1, 2017, and received a computer that normally sells for $30,773. The note requires annual interest payments each December 31. The market rate of interest for a note of similar risk is 10%. Prepare Monty's journal entries for (a) the January 1 issuance and (b) the December 31 interest. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit No. Date (a) January 1, 2017 Cash Discount on Bonds Payable Bonds Payable (b) December 31, 2017 Interest Expense Discount on Bonds Payable Cash