Current Attempt in Progress

Whispering, Inc. issued a $$115,000,4-$year, $12\%$ note at face value to Flint Hills Bank on January $1,2025,$ and received $$115,000$ cash. The note requires annual interest payments each December $31.$

Prepare Whispering's journal entries to record $($a$)$ the issuance of the note and $($b$)$ the December $31$ interest payment. $($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.$)$

$\backslash$table$[[$No$.$ Date$],[($a$)]]$

Account Titles and Explanation

Debit

Credit $$

$($b$)$