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On December 31,2024 , Vaughn Inc. borrowed $3,900,000 at 12% payable annually to finance the construction of a new building in 2025, the company made

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On December 31,2024 , Vaughn Inc. borrowed $3,900,000 at 12% payable annually to finance the construction of a new building in 2025, the company made the following expenditures related to this building: March 1, $468,000 : June 1, $780,000 : July 1 , $1,950,000; December 1, \$1,950,000, The bullding was completed in February 2026. Additional information is provided as follows. 2025. (Credit account titles are automatically indented when amount is entered. Do not indent mantrally. 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.)

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