Tamarisk, Inc. issued a $$70,000,4-$year, $10\%$ note at face value to Flint Hills Bank on January $1,2025,$

and received $$70,000$ cash. The note requires annual interest payments each December $31.$

Prepare Tamarisk'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.$)$