Sheridan, Inc issued a $$125,000,4-$year, $9\%$ note at face value to Flint Hills Bank on January $1,2025,$ and received $$125,000$ cash. The note requires annual interest payments each December $31.$

Prepare Sheridan'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. Donot indent manually List all d$$bit entries before cred$$tentues$)$

No$.$

Date

Account Titles and Explanation

Debit

Credi

$($a$)$

$($b$)$