On October $1,2025,$ Swifty Equipment Company sold a pecan$-$harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a $2-$year, $\backslash$$$128,000,8\backslash \%$ note $($a realistic rate of interest for a note of this type$).$ The note required interest to be paid annually on October $1.$ Swifty's financial statements are prepared on a calendar$-$year basis.

Assuming Valco Brothers Farm fulfills all the terms of the note, prepare the necessary journal entries for Swifty Equipment Company for the entire term of the note. $($Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ 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.$)$

Notes Receivable

Sales Revenue

Interest Receivable

Interest Revenue

Interest Revenue

Interest Receivable

Interest Receivable

Interest Revenue

Cash

Accounts Receivable

$($To record the collection of interest$)$

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