On January $1,2024,$ Carla Vista Corp. borrows $$12,600$ by signing a $3-$year, $6\%$ note payable. The note is repayable in three annual

fixed principal payments on December $31$ of each year.

$($C$)$

Prepare journal entries to record the note and the first instalment payment. $($List all debit entries before credit entries. Credit

account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required,

select $"$No Entry" for the account titles and enter $O$ for the amounts. Record journal entries in the order presented in the

problem.$)$