Sweet, Inc. issued a $$120,000,4-$year, $8\%$ note at face value to Flint Hills Bank on January $1,2025,$ and received $$120,000$ cash. The

note requires annual interest payments each December $31.$

Prepare Sweet'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$.$

Date

$($a$)$

$($b$)$

Account Titles and Explanation

Debit

Credit