Teal Corporation issued a 4-year, $54,000, 5% note to Greenbush Company on January 1, 2017, and received a computer that normally sells for $38,583. The note requires annual interest payments each December 31. The market rate of interest for a note of similar risk is 15%. Prepare Teals journal entries for (a) the January 1 issuance and (b) the December 31 interest. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)