Blossom Cosmetics Co$.$ purchased equipment on December $31,2023,$ paying $$54,600$ down and agreeing to pay the balance in four equal instalments of $$44,100$ payable each December $31.$ An assumed interest of $8\%$ is implicit in the purchase price. Sabonis has a March $31$ year end.

$($a$)$ notes payable $146,065$ help with part b Prepare the journal entry that would be recorded for the purchase of the equipment. $($Credit account titles are automatically

indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account

titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$