On January 1, 2018, BCL Transmission Services Co. issued a $90,000, non-interest bearing note, due on January 1, 2019, in exchange for a custom-built computer system. The fair value of the computer system is not easily determinable. The market rate of interest for similar transactions is 10%. BCL's year-end is December 31. Required a. Prepare the journal entry to record the issuance of the note payable. b. Prepare the journal entry to record the accrual of interest at December 31, 2018, assuming that BCL prepares adjusting entries only at year-end. C. Prepare the journal entry to record the retirement of the note payable on January 1, 2019. Requirement a. Prepare the journal entry to record the issuance of the note payable. (Use a financial calculator for any present value computations. Round your final answers to the nearest dollar. Record debits first, then credits. Explanations are not required.) Date Jan. 1, 2018 Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check Answer