On January 1, 2017, Ann Price loaned $187,825 to Joe Kiger. A zero-interest-bearing note (face amount, $250,000) was exchanged solely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2019. Kiger used a "Discount on Note Payable" account to initially record the note. The discount will be amortized equally over the 3-year period. Assume there was no adjusting journal entry made during the year, Prepare the adjusting journal entry at December 31, 2017 on Kiger's books.

Place your final response (adjusting journal entry) first; then show your work and label your numbers