On January 1, 2014, Margaret Avery Co. borrowed and received $597,000 from a major customer evidenced by a zero-interest-bearing note due in 5 years. As consideration for the zero-interest-bearing feature, Avery agrees to supply the customers inventory needs for the loan period at lower than the market price. The appropriate rate at which to impute interest is 9%. Prepare the journal entry to record the initial transaction on January 1, 2014. Prepare the journal entry to record any adjusting entries needed at December 31, 2015. Assume the sales to the customer occur evenly over 5 years.

This is what I have filled in so far. Can anyone help me fill in the rest and show the step by step process?

1/1/14	Cash	597000
	?	?	?
	?	?	?
	?	?	?
12/31/14 (To Record Interest)	Interest Expense	53730
	Discount		53730
13/31/14 (To Record Uneraned Sales Revenue)	?	?	?
	?	?	?