Georges Shop, Incorporated, repairs, stores, and cleans boats for customers. It is completing the accounting process for the year just ended on November $30.$ The transactions for the past year have been journalized and posted. The following data with respect to adjusting entries at year$-$end are available:Johnson's borrowed $$200,000$ at a$($n$)9$ percent annual interest rate on April $1$ of the current year to expand its boat storage facility. The loan requires Johnson's to pay the interest quarterly until the note is repaid in three years. Johnson's paid quarterly interest on July $1$ and October $1.$Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.