Tamarisk Corporation issued a $4-$year, $$51,000,5\%$ note to Greenbush Company on January $1,2025,$ and received a computer that

normally sells for $$42,917.$ The note requires annual interest payments each December $31.$ The market rate of interest for a note of

similar risk is $10\%.$

Prepare Tamarisk's journal entries for $($a$)$ the January $1$ issuance and $($b$)$ the December $31$ 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 the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Date

Debit

Credit