Pharoah, Inc. issued a $$65,000,4-$year, $9\%$ note at face value to Flint Hills Bank on January $1,2025,$ and received $$65,000$ cash. The note requires annual interest payments each December $31.$

Prepare Pharoah'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 $0$ 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.$)$

No$.$

Account Titles and Explanation

Debit

Cred

$($a$)$

$$

$$

$$

$$

$$

$$

$($b$)$

$$

$$

$$

$$

$$

$$