On December 31, 2020, Oriole Company acquired a computer from Plato Corporation by issuing a $615,000 zero-interest-bearing note, payable in full on December 31, 2024. Oriole 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. Schedule of Note Discount Amortization Debit, Interest Expense Credit, Date Discount on Notes Payable 12/31/20 12/31/21 42005 Carrying Amount of Note 420045 462050 12/31/22 46205 508254 12/31/23 50825 559080 12/31/24 Save for Later 55908 614988 Attempts: 1 of 3 used Submit Answer Schedule of Note Discount Amortization Debit, Interest Expense Credit, Date Discount on Notes Payable 12/31/20 12/31/21 42005 Carrying Amount of Note 420045 462050 12/31/22 46205 508254 12/31/23 50825 559080 12/31/24 Save for Later 55920 614988 Attempts: 2 of 3 used Submit