On July 1, 2020, United Flag Company took out a 15-year loan for $144,000. Principal repayments of $9,600 and interest at 8% are due annually on June 30. Prepare all of the journal entries required in relation to the loan for the year ended October 31, 2020. (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.) Date Account Titles and Explanation Debit Credit (To record the loan) (To record interest) (To reclassify the current portion of the loan)