On September $1,2023,$ Pharoah Ltd$.$ purchased equipment for $$39,000$ by signing a two$-$year note payable with a face value of $$39,000$ due on September $1,2025.$ The going rate of interest for this level of risk was $6\%.$ The company has a December $31$ year end.

Record all journal entries from September $1,2023$ to September $1,2025,$ for a $2\%$ interest bearing note with interest due each September $1.$ USE $$36,140$