At January $1,2024,$ Brant Cargo acquired equipment by issuing a six$-$year, $$100,000($payable at maturity$),6\%$ note. The market rate of interest for notes of similar risk is $10\%.$

Required:

$1.$ to $3.$ Prepare the necessary journal entries for Brant Cargo.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your final answers to the nearest whole dollar. Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$