Prepare the journal entry to record the transaction of December $31,2025,$ for the Blue Co$.($Round present value factor calculations

to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.$ 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.$)$

$($b$)$

Assuming Blue Co$.\text{'}$s fiscal year$-$end is December $31,$ prepare the journal entry for December $31,2026.($Round answers to $0$ decima

places, e$.$g$.5,275.$ 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 debit entry before credit entry.$)$