On October $1,2025,$ Sheffield Equipment Company sold a pecan$-$harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a $2-$year, $$171,200,10\%$ note $($a realistic rate of interest for a note of this type$).$ The note required interest to be paid annually on October $1.$ Sheffield's financial statements are prepared on a calendar$-$year basis.

Assuming Valco Brothers Farm fulfills all the terms of the note, prepare the necessary journal entries for Sheffield Equipment Company for the entire term of the note. $($Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit