On January 1, 2017, Sheffield Company issued a $1,253,250, S-year, zero-interest-bearing note to decided that the loan was impaired. Sheffield will probably pay back only $835,500 of the principal at maturity. Tamarisk Bank. The note was issued to yield 8% annual interest. competit ion. After reviewing all available evidence on December 31, 2 018, Tamarisk Bank v (a) Precare journal entries for both Sheffield Company and Tamarisk Bank to record the issuance of the note on January 1, 2017. (Round present value factor to S decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation