On April 1, 2024, Pharoah Ltd. borrowed $450,000 for 20 years. Principal repayments of $22,500 and interest at 7% are due annually on March 31. (a) Your answer is partially correct. Prepare all of the journal entries required in relation to the loan for the year ended June 30, 2024. (Record journal entries in the order presented in the problem. 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 O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation April 1 Cash Long-Term Loan Payable Debit 450000 Credit 45000 April 1 June 30