On July $1,2024,$ Carla Vista Flag Company took out a $15-$year loan for $$147,000.$ Principal repayments of $$9,800$ and interest at $15\%$

are due annually on June $30.$

Prepare all of the journal entries required in relation to the loan for the year ended October $31,2024.($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 $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit