Bridgeport Corporation issues a $$631,000,5\%,$ five$-$year note payable on January $1,2024.$ The terms provide for semi$-$annual blended payments of $$72,097$ on July $1$ and January $1.$

Prepare the journal entries to record the note on January $1,2024,$ and the first instalment payment. $($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. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

Question Part Score

$-\frac{-}{5}$

Assuming Erving has a December $31$ year end, prepare the $2024$ year$-$end adjusting entry to account for accrued interest on the note payable. $($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 debit entry before credit entry. Round answers to $0$ decimal places, e$.$g$.5,275.)$