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On July 1, 2024, Nanhoe Flag Company took out a 15-year loan for $139,500. Principal repayments of $9,300 and interest at 15% are due annually

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On July 1, 2024, Nanhoe Flag Company took out a 15-year loan for $139,500. Principal repayments of $9,300 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 presentad in the problem. Oredit account titles are cutomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts . Lst all debit entries before credit entrles)

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