Current Attempt in Progress Pharoah Marina has $300$ available slips that rent for $\backslash (\backslash$$ $900\backslash )$ per season. Payments must be made in full by the start of the boating season, April $1,2026.$ The boating season ends October $31,$ and the marina has a December $31$ year$-$end. Slips for future seasons may be reserved if paid for by December $31,2026.$ Under a new policy, if payment for $2027$ season slips is made by December $31,2026,$ a $\backslash (4\backslash \%\backslash )$ discount is allowed. If payment for $2028$ season slips is made by December $31,2026,$ renters get a $\backslash (21\backslash \%\backslash )$ discount $($this promotion hopefully will provide cash flow for major dock repairs$).$ On December $31,2025,$ all $300$ slips for the $2026$ season were rented at full price. On December $31,2026,234$ slips were reserved and paid for the $2027$ boating season, and $56$ slips were reserved and paid for the $2028$ boating season. $($a$)$ Prepare the appropriate journal entries for December $31,2025,$ and December $31,2026.$