On July $31,2025,$ Splish Company engaged Minsk Touling Company to construct a special$-$purpose piere of factory machinery. Construction began immediately and was completed on November $1,2025.$ To help finance construction, on July $31$ Splish issued a $$314,400,3-$year, $128$ note payable at Netherlands National Bank, on which interest is payable each July $31$ $$206,400$ of the proceeds of the note was paid to Minsk on July $31.$ The remainder of the proceeds was temporarily invested in short term marketabie securities $($trading securitiesi at $10\%$ until November $1$ On November $1,$ Splish made a final $$108,000$ payment to Minsk Other than the note to Netherlands, Splishis anly outstanding liability at December $31,2025,$ is a $$32,600,8\%,6-$year nate payable, dated January $1,2022,$ on which interest is payable each Decenter $31.$

Question $13$ of $14$

$\frac{0\mathrm{.}87}{1}$

Date

$1$

$1$

Notes Pavable

$($To recond the notes,

Trading Securities

$($To record the payment to Minsk$])$

Account Titles and Explanation

Debit

Credit

$31vv$

$4$

$$an

$($To record the payment to Minsk$)$

$314$