On October $8,2013,$ Gibson Shipping orders $$25,000$ of packing materials from Ironman Enterprises on account. This amount is due on November $15,2013.$ On November $15,$ Gibson cannot make the $$25,000$ payment. Ironman grants the extension on the condition that Gibson sign a note that specifies $7\%$ interest beginning on December $1,2013,$ with a due date of May $31,2014.$ Prepare entries to record the transactions on October $8,2013$; December $1,2013,$ December $31,2013,$ and May $31,2014.$