please help with section B

On August 31, Ivanhoe Co. partially refunded $490,000 of its outstanding 10% note payable made one year ago to Dugan State Bank by paying $490,000 plus $49,000 interest, having obtained the $539,000 by using $143,150 cash and signing a new one-year $435,000 note discounted at 9% by the bank. (a) Your answer has been saved. See score details after the due date. Make the entry to record the partial refunding. Assume Ivanhoe Co.makes reversing entries when appropriate. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit August 31 Notes Payable 490000 Interest Expense 49000 Discount on Notes Payable 39150 Notes Payable 435000 Cash 143150 Attempts: 1 of 1 used (b) Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31