Oriole plc issued a 5-year, 78,000, zero-interest-bearing note to Brown Ltd. on January 1, 2022, and received cash of 38,780. The implicit interest rate is 15%. Prepare Oriole's journal entries for (a) the January 1 issuance and (b) the December 31 recognition of interest. (Round answers to O decimal places, e.g. 38,548. 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 amount is entered. Do not indent manually.) No. Date (a) (b) eTextbook and Media List of Accounts Save for Later Account Titles and Explanation Debit Cre Attempts: 0 of 3 used Submit Answer