Note Computations and Entries $($Straight Line$)$

On January $1,2024,$ Sisek Company borrowed $$843,000$ with a $10-$year, $9\mathrm{.}75\%$ note, interest payable semiannually on June $30$ and December $31.$ Cash in the amount of $$835,800$ was received when the note was issued.

Required:

Question Content Area

$1.$ Prepare the necessary journal entry at January $1,2024.$ If an amount box does not require an entry, leave it blank.