Response to the following problem:
Garcia Corporation purchased a truck by issuing an $112,800, 5-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 11%.
Prepare the journal entry to record the purchase of this truck. (Round answers to 0 decimal places, e.g. $45,892. Credit account titles are automatically indented when amount is entered. Do not indent manually.)