Sheffield Corporation purchased a computer on December 31, 2019, for $153,300, paying $43,800 down and agreeing to pay the balance in five equal installments of $21,900 payable each December 31 beginning in 2020. An assumed interest rate of 10% is implicit in the purchase price.

Prepare the journal entry at December 31, 2020, to record the payment and interest (effective-interest method employed) Should be four entries.