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On October 1, 2023, Ayayai Corp. sold a harvesting machine to Coronado Industries. Instead of a cash payment, Coronado Industries gave Ayayai a $255,000, two-year, 8% note; 8% is a realistic rate for a note of this type. The note required interest to be paid annually on October 1, beginning October 1, 2024. Ayayai's financial statements are prepared on a calendar-year basis. (a) Assuming that no reversing entries are used and that Coronado industries fulfills all the terms of the note, prepare the necessary journal entries for Ayayai for the entire term of the note. (Credit occount tities 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. List all debit entries before credit entries.)