On December 31, 2017, Whispering Company acquired a computer from Plato Corporation by issuing a $615,000 zero-interest bearing note, payable in full on December 31, 2021. Whispering Company's credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $63,000 salvage value. Prepare the journal entry for the purchase on December 31, 2017. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. 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.) Date Account Titdes and Explanation Debit 391,966 134 Credit December 31, 2017 Equipment Discount on Notes Payable Notes Payable 615,000 Prepare any necessary adjusting entries relative to depreciation use straight-line and amortization use effective interest method on December 31, 2018. titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually-) Ro nd ans vers to 0 deci al Place e.g.3 548 If no entryis required, select No Entry for the account Date Account Titdes and Explanation Debit Credit December 31, 2018 To record the deprecition) December 31, 2018 To amortize the Giscount Debit, Interest Expense Credit, Carrying Amount Date 12/31/17 2/31/18 12/31/19 12/31/20 12/31/21 Prepare any necessary adjusting entries relative to depreciation and amortization on December 31, 2019. of Note Round nswers to 0 dec mal places eg. 30 548 If no entry 1s required select o Entry for the account titles and enter 0 for the amounts. Oedit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Tites and Explanation Debit Credit December 31, 2019 (To record the depreciation.) December 31, 2019 (To amortize the scourt)